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Are there any risks or limitations associated with using GTC in the crypto market?

avatarMcdaniel DemirNov 24, 2021 · 3 years ago1 answers

What are the potential risks and limitations that users may encounter when using GTC (Good 'Til Canceled) orders in the cryptocurrency market?

Are there any risks or limitations associated with using GTC in the crypto market?

1 answers

  • avatarNov 24, 2021 · 3 years ago
    At BYDFi, we understand the risks and limitations associated with using GTC orders in the crypto market. While GTC orders can be a useful tool for managing long-term positions, it's important to be aware of the potential risks and limitations. We recommend that users carefully consider their trading strategy and risk tolerance before using GTC orders. It's also important to stay informed about market conditions and adjust your orders accordingly. By staying vigilant and proactive, you can minimize the potential risks and limitations associated with using GTC orders in the crypto market.