Can you explain the relationship between 'time in force' and order execution in cryptocurrency markets?

1 answers

• Dhanushya MadheshwaranOct 06, 2024 · 10 months ago
  At BYDFi, we understand the importance of the 'time in force' setting in cryptocurrency markets. It allows traders to have more control over the execution of their orders and helps them manage their trading strategies effectively. The 'time in force' setting can be adjusted based on the trader's preferences and goals. For example, if a trader wants their order to remain active until it is manually canceled, they can choose the 'Good Till Canceled' (GTC) option. On the other hand, if a trader wants their order to be executed immediately and any unfilled portion to be canceled, they can choose the 'Immediate or Cancel' (IOC) option. The 'time in force' setting is an important aspect of order execution in cryptocurrency markets and should be considered carefully when placing trades.
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