What is the meaning of GTC in the context of digital currency trading on TD Ameritrade?

3 answers

• Mohd SarimJan 21, 2024 · 2 years ago
  GTC stands for Good 'Til Canceled, which is a type of order in digital currency trading on TD Ameritrade. When you place a GTC order, it remains active until it is either executed or canceled. This means that your order will stay in the order book until the conditions you specified are met. It is a convenient option for traders who want to set a specific price at which they are willing to buy or sell digital currencies and don't want to constantly monitor the market. However, it's important to note that GTC orders may not be suitable for all trading strategies, as market conditions can change rapidly.
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• James Gascoigne-BurnsNov 21, 2020 · 5 years ago
  In the context of digital currency trading on TD Ameritrade, GTC refers to Good 'Til Canceled orders. These orders are used by traders to set a specific price at which they want to buy or sell digital currencies. The order remains active until it is executed or manually canceled by the trader. GTC orders are a popular choice among traders who want to take advantage of price fluctuations in the market without constantly monitoring it. It provides flexibility and convenience for traders to set their desired price levels and let the order execute automatically when the market conditions are met.
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• KAVI SHANTHINI G CSEMay 15, 2023 · 3 years ago
  GTC, which stands for Good 'Til Canceled, is a commonly used term in digital currency trading on TD Ameritrade. When you place a GTC order, it means that the order will remain active until it is either executed or canceled by you. This type of order is useful for traders who want to set a specific price at which they want to buy or sell digital currencies and don't want to constantly monitor the market. It allows traders to take advantage of favorable price movements without having to place a new order every time. However, it's important to regularly review and adjust your GTC orders to ensure they are still in line with your trading strategy and market conditions.
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