Are there any limitations or restrictions when using the 'time in force day' option for cryptocurrency trading?

1 answers

• Sunil RajMar 19, 2022 · 3 years ago
  As an expert in cryptocurrency trading, I can confirm that the 'time in force day' option does have some limitations and restrictions. This option is typically used for limit orders and allows traders to specify a time frame for their orders to remain active. However, it's important to note that this option may not be available on all cryptocurrency exchanges. Additionally, the 'time in force day' option expires at the end of the trading day, which means that any unfilled orders will be automatically canceled. It's always a good idea to familiarize yourself with the specific rules and limitations of your chosen exchange before using this option. Overall, while the 'time in force day' option can be a useful tool, it's important to understand its limitations and consider alternative options if necessary.
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