How does the introduction of GTC (Good Till Cancel) orders impact the trading experience in the cryptocurrency market?

1 answers

• Mar 16, 2022 · 3 years ago
  The introduction of GTC (Good Till Cancel) orders has had a significant impact on the trading experience in the cryptocurrency market. With GTC orders, traders can place buy or sell orders that remain active until they are executed or manually canceled. This provides traders with more flexibility and convenience, as they can set their desired price levels and wait for the market to reach those levels. GTC orders also allow traders to take advantage of price fluctuations and execute trades at more favorable prices. However, it's important to note that GTC orders may tie up capital for an extended period of time, as they remain active until canceled. Traders should carefully consider their trading strategy and risk tolerance before using GTC orders. Overall, the introduction of GTC orders has improved the trading experience in the cryptocurrency market by providing traders with more control and flexibility.
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