How does the 'time in force' feature on Webull affect my digital currency trades?

3 answers

• ADİL ALPEREN ÇİFTCİOct 20, 2024 · a year ago
  The 'time in force' feature on Webull is an important tool that allows you to specify how long your order will remain active in the market. This feature can have a significant impact on your digital currency trades. For example, if you set your order to 'Good Till Cancelled' (GTC), it will remain active until you manually cancel it or until it is executed. On the other hand, if you set your order to 'Immediate or Cancel' (IOC), it will be executed immediately, and any remaining quantity will be canceled. The choice of 'time in force' can affect the execution speed and the likelihood of your order being filled completely.
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• Gulsen TastanSep 02, 2022 · 3 years ago
  When using the 'time in force' feature on Webull for your digital currency trades, it's important to consider your trading strategy and goals. If you're looking for a quick execution and are willing to accept partial fills, you may choose a shorter time frame like 'Fill or Kill' (FOK) or 'Immediate or Cancel' (IOC). However, if you want to ensure that your order remains active until it is fully executed, you may opt for 'Good Till Cancelled' (GTC). Keep in mind that different exchanges may have different 'time in force' options, so it's important to familiarize yourself with the specific features offered by your chosen exchange.
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• Mihajlo ZivkovicAug 28, 2024 · a year ago
  BYDFi, a popular digital currency exchange, also offers a 'time in force' feature similar to Webull. This feature allows you to control the duration of your orders and can impact the execution of your trades. It's important to understand the different options available and choose the one that aligns with your trading strategy. Whether you're using Webull or BYDFi, the 'time in force' feature can play a crucial role in optimizing your digital currency trades.
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