Can you explain the concept of GTC trading in the world of digital assets?

3 answers

• Dec 17, 2021 · 3 years ago
  GTC trading is a type of order that remains active until it is either executed or canceled by the trader. It allows traders to set their desired price and quantity for buying or selling digital assets, and the order will stay open until it is fulfilled or manually canceled. This type of trading is commonly used in the cryptocurrency market, where prices can be highly volatile. GTC orders provide traders with flexibility and convenience, as they don't have to constantly monitor the market and manually place orders. Instead, they can set their desired parameters and let the order execute automatically when the market conditions meet their criteria. It is important to note that GTC orders may not be suitable for all trading strategies, as they can remain open for an extended period of time and may not be executed immediately if the market conditions don't meet the specified criteria.
  893447
• Dec 17, 2021 · 3 years ago
  GTC trading is like setting a shopping list for digital assets. You write down the price and quantity you want to buy or sell, and the exchange will keep your order open until it is fulfilled or you decide to cancel it. It's a convenient way to trade in the digital asset market, especially when prices can change rapidly. With GTC trading, you don't have to constantly monitor the market and manually place orders. Instead, you can set your desired parameters and let the exchange take care of the rest. Just make sure to review and adjust your GTC orders regularly to ensure they still align with your trading strategy.
  621207
• Dec 17, 2021 · 3 years ago
  GTC trading, also known as Good 'Til Canceled trading, is a popular feature offered by many cryptocurrency exchanges. It allows traders to place buy or sell orders that remain active until they are executed or manually canceled. This means that if you set a GTC buy order for a specific digital asset at a certain price, the order will stay open until the price reaches your desired level and the order is executed. Similarly, if you set a GTC sell order, it will remain open until the price reaches your specified level and the order is executed. GTC trading provides traders with flexibility and convenience, as they can set their desired parameters and let the order execute automatically when the market conditions meet their criteria. However, it's important to note that GTC orders may not be executed immediately if the market conditions don't meet the specified criteria, and they can remain open for an extended period of time. Traders should carefully consider their trading strategy and risk tolerance before using GTC trading.
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