How does GTC order extension work in the world of digital currencies?

3 answers

• Nov 28, 2021 · 3 years ago
  Sure! The GTC order extension, also known as Good 'Til Canceled, is a feature in digital currency trading that allows traders to set an order that remains active until it is either executed or canceled. This means that the order will stay in the order book until it is filled or manually canceled by the trader. It is a convenient tool for traders who want to set long-term positions or take advantage of specific price levels without constantly monitoring the market. With the GTC order extension, traders can optimize their trading strategies by automating their buy or sell orders based on predetermined conditions. This feature provides flexibility and convenience for traders in the fast-paced world of digital currencies.
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• Nov 28, 2021 · 3 years ago
  The GTC order extension is a powerful tool for digital currency traders. It allows traders to set buy or sell orders that remain active until they are executed or canceled. This means that traders can set their desired price levels and let the order stay in the order book until the market reaches those levels. It is especially useful for traders who want to take advantage of market fluctuations and execute their trades at specific price points. The GTC order extension can be used to implement various trading strategies, such as setting stop-loss orders or profit-taking orders. By utilizing this feature, traders can automate their trading process and reduce the need for constant monitoring. It is an essential tool for traders who want to optimize their trading strategies and maximize their profits in the world of digital currencies.
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• Nov 28, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, offers the GTC order extension feature to its users. With the GTC order extension, traders can set buy or sell orders that remain active until they are executed or canceled. This feature allows traders to take advantage of market fluctuations and execute their trades at their desired price levels. It is a convenient tool for traders who want to automate their trading process and optimize their trading strategies. By utilizing the GTC order extension, traders can set long-term positions or take advantage of specific price levels without constantly monitoring the market. It is one of the many features offered by BYDFi to enhance the trading experience of its users.
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