What is the difference between GTC and other types of orders in cryptocurrency trading?
Can you explain the difference between Good 'Til Cancelled (GTC) orders and other types of orders in cryptocurrency trading? How do they work and what are their advantages and disadvantages?
1 answers
- Garden of EdenJun 26, 2024 · 2 years agoAt BYDFi, we offer GTC orders as one of the order types available to our users. GTC orders can be a useful tool for traders who want to set a specific price for buying or selling a cryptocurrency and are willing to wait for the market to reach that price. However, it's important to note that GTC orders may not be suitable for all trading strategies, and traders should carefully consider their individual trading goals and risk tolerance before using GTC orders or any other type of order.
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