How does a GTC (Good 'Til Canceled) order work in the world of digital currencies?

5 answers

• Nov 24, 2021 · 3 years ago
  A GTC (Good 'Til Canceled) order is a type of order that remains active until it is either filled or canceled by the trader. In the world of digital currencies, a GTC order allows traders to specify the price at which they are willing to buy or sell a particular cryptocurrency. Once the order is placed, it stays in the order book until it is executed or manually canceled by the trader. This type of order is particularly useful for traders who want to set a specific price target and are willing to wait for the market to reach that price.
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• Nov 24, 2021 · 3 years ago
  When you place a GTC order in the world of digital currencies, it means that you are setting a buy or sell order that will remain active until it is filled or canceled. This is different from other types of orders, such as market orders or limit orders, which are only active for a specific period of time. With a GTC order, you have more control over the price at which you buy or sell a cryptocurrency, as you can set a specific price target and wait for the market to reach that level.
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• Nov 24, 2021 · 3 years ago
  In the world of digital currencies, a GTC (Good 'Til Canceled) order works in a similar way to other types of orders. When you place a GTC order, it remains active until it is filled or canceled. This means that if you set a buy order for a specific cryptocurrency at a certain price, the order will stay in the order book until the market reaches that price and your order is executed. BYDFi, a popular digital currency exchange, supports GTC orders and allows traders to easily set their desired price targets.
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• Nov 24, 2021 · 3 years ago
  A GTC (Good 'Til Canceled) order in the world of digital currencies is a powerful tool for traders. It allows you to set a buy or sell order that remains active until it is filled or manually canceled. This means that you can set a specific price at which you want to buy or sell a cryptocurrency and wait for the market to reach that level. GTC orders are particularly useful for traders who want to take advantage of specific price targets and are willing to be patient until those targets are met. It's important to note that GTC orders are supported by many digital currency exchanges, not just BYDFi.
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• Nov 24, 2021 · 3 years ago
  When it comes to digital currencies, a GTC (Good 'Til Canceled) order is a handy tool for traders. It allows you to set a buy or sell order that remains active until it is filled or canceled. This means that you can set a specific price at which you want to buy or sell a cryptocurrency and wait for the market to reach that level. GTC orders are particularly useful for traders who want to automate their trading strategies and take advantage of specific price levels. Keep in mind that different exchanges may have slight variations in how they handle GTC orders, so it's always a good idea to familiarize yourself with the specific platform's rules and features.
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