What is the meaning of 'time in force' in the context of digital currency trading on Webull?

3 answers

• Larsson TerrellSep 02, 2021 · 5 years ago
  In digital currency trading on Webull, 'time in force' refers to the duration for which an order will remain active before it is automatically canceled. When placing a trade, you can specify the time in force for your order, such as 'Good Till Cancelled' (GTC), 'Immediate or Cancel' (IOC), or 'Fill or Kill' (FOK). GTC orders will remain active until they are manually canceled, while IOC orders will be executed immediately and any unfilled portion will be canceled. FOK orders require the entire order to be filled immediately, otherwise the entire order will be canceled. The choice of time in force depends on your trading strategy and preferences. It's important to understand the implications of each time in force option before placing your trades on Webull.
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• Qin SunFeb 21, 2021 · 5 years ago
  Alright, let me break it down for you. 'Time in force' basically determines how long your order will stay active in the market. If you choose 'Good Till Cancelled' (GTC), your order will remain active until you manually cancel it. On the other hand, if you go with 'Immediate or Cancel' (IOC), your order will be executed immediately, and any portion that couldn't be filled will be canceled. Lastly, 'Fill or Kill' (FOK) requires the entire order to be filled immediately, otherwise the whole thing gets canceled. So, depending on your trading strategy and how urgently you want your order to be executed, you can choose the most suitable time in force option on Webull.
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• Andrei OnisoruAug 24, 2023 · 3 years ago
  When it comes to digital currency trading on Webull, 'time in force' is an important concept to understand. It refers to the duration for which your order will remain active in the market. You have three options to choose from: 'Good Till Cancelled' (GTC), 'Immediate or Cancel' (IOC), and 'Fill or Kill' (FOK). GTC orders will stay active until you manually cancel them. IOC orders will be executed immediately, and any unfilled portion will be canceled. FOK orders require the entire order to be filled immediately, otherwise the whole order gets canceled. It's crucial to select the appropriate time in force option based on your trading goals and preferences. Remember, different time in force options can have different implications for your trades on Webull.
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