How long does a good till cancelled order last in the context of cryptocurrency trading?

3 answers

• Shabir JaffariDec 07, 2023 · 2 years ago
  A good till cancelled (GTC) order in cryptocurrency trading is an order that remains active until it is either filled or manually canceled by the trader. Unlike other order types, such as market orders or limit orders, GTC orders do not have a specific expiration time. They can remain open for an extended period, allowing traders to buy or sell at their desired price even if it takes some time for the market to reach that level.
  432

  216
• Rose LiverpoolNov 11, 2022 · 3 years ago
  In the context of cryptocurrency trading, a good till cancelled (GTC) order is like a patient fisherman waiting for the perfect catch. It stays in the market until it gets what it wants or decides to call it a day. GTC orders are a popular choice for traders who have a specific price in mind and are willing to wait for the market to move in their favor. Just remember, GTC orders won't catch every wave, but they can be a handy tool in your trading arsenal.
  459

  153
• AM AMIT BHADANAAug 12, 2023 · 3 years ago
  When it comes to good till cancelled (GTC) orders in cryptocurrency trading, BYDFi offers this option to its users. With a GTC order, you can set a specific price at which you want to buy or sell a cryptocurrency, and the order will remain open until it is executed or manually canceled. This means that even if the market doesn't reach your desired price immediately, your order will stay active until it does. It's a convenient feature for traders who want to take advantage of potential price movements without constantly monitoring the market.
  547

  137