What is the meaning of 'time in force on close' in the context of cryptocurrency trading?

3 answers

• denverskillOct 02, 2023 · 2 years ago
  The term 'time in force on close' in cryptocurrency trading refers to an order type that allows traders to specify a specific time frame for executing their trades. This means that the order will only be executed if it can be filled at or before the market close. It is a useful tool for traders who want to ensure that their orders are executed within a specific time period, especially when trading volatile assets like cryptocurrencies. By setting a time in force on close order, traders can have more control over their trades and minimize the risk of slippage.
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• SAURAV KUMARSep 21, 2024 · 10 months ago
  Time in force on close is a trading strategy in cryptocurrency trading where traders place orders that will only be executed if they can be filled at or before the market close. This strategy is often used by traders who want to take advantage of price movements that may occur during the closing hours of the market. By setting a time in force on close order, traders can potentially benefit from any price fluctuations that happen during this time period. However, it is important to note that this strategy also carries risks, as market conditions can change rapidly during the closing hours.
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• Mohammed Farhan SAug 04, 2021 · 4 years ago
  In the context of cryptocurrency trading, time in force on close refers to an order type that allows traders to specify a specific time frame for executing their trades. This order type is commonly used by traders who want to ensure that their orders are executed before the market closes. By setting a time in force on close order, traders can avoid the risk of their orders being left unfilled overnight or over the weekend. This can be particularly important for traders who want to take advantage of short-term price movements and avoid holding positions for extended periods of time.
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