How does 'time in force good till cancel' affect the execution of cryptocurrency orders?

7 answers

• Nov 28, 2021 · 3 years ago
  When you place a cryptocurrency order with the 'time in force good till cancel' option, it means that the order will remain active until it is either executed or manually canceled by the trader. This option is particularly useful for traders who want to keep their orders open for an extended period of time, as it allows them to take advantage of potential price movements. However, it's important to note that there are some risks associated with using this option. For example, if the market conditions change significantly, the order may not be executed at the desired price, or it may not be executed at all. Additionally, some exchanges may charge fees for keeping orders open for a long time. Overall, the 'time in force good till cancel' option provides flexibility for traders, but it also requires careful monitoring and consideration of market conditions.
  866433
• Nov 28, 2021 · 3 years ago
  Using the 'time in force good till cancel' option for cryptocurrency orders can be a convenient way to manage your trades. This option allows you to set an order that will remain active until it is filled or canceled, giving you the flexibility to wait for the desired price. It can be especially useful for long-term investors who are not actively monitoring the market on a daily basis. However, it's important to keep in mind that the longer an order remains open, the higher the risk of it not being executed as intended. Market conditions can change quickly, and if the price moves away from your desired entry or exit point, your order may not be filled. Therefore, it's crucial to regularly review and adjust your open orders to ensure they align with your trading strategy.
  781261
• Nov 28, 2021 · 3 years ago
  The 'time in force good till cancel' option is a popular choice among traders in the cryptocurrency market. It allows them to place orders that will remain active until they are filled or manually canceled. This option provides flexibility and convenience, as traders don't have to constantly monitor the market or worry about their orders expiring. However, it's important to note that not all exchanges offer this option. For example, BYDFi, a leading cryptocurrency exchange, does not currently support the 'time in force good till cancel' option. Instead, they offer other time in force options such as 'immediate or cancel' and 'fill or kill'. Traders should consider their trading style and the available options on their chosen exchange when deciding which time in force option to use.
  792198
• Nov 28, 2021 · 3 years ago
  The 'time in force good till cancel' option is a powerful tool for cryptocurrency traders. It allows them to place orders that will remain active until they are executed or manually canceled, giving them the flexibility to wait for the desired price. This option is particularly useful for traders who want to take advantage of potential price movements over a longer period of time. However, it's important to be aware of the potential risks associated with using this option. Market conditions can change rapidly, and if the price moves away from the desired entry or exit point, the order may not be executed as intended. Additionally, some exchanges may charge fees for keeping orders open for an extended period of time. Traders should carefully consider these factors and regularly monitor their open orders to ensure they align with their trading strategy.
  863173
• Nov 28, 2021 · 3 years ago
  The 'time in force good till cancel' option is a commonly used feature in the cryptocurrency market. It allows traders to place orders that will remain active until they are filled or manually canceled. This option provides flexibility and convenience, as it eliminates the need to constantly monitor the market or set new orders every day. However, it's important to understand that using this option comes with certain risks. For example, if the market conditions change significantly, the order may not be executed at the desired price or it may not be executed at all. Additionally, some exchanges may charge fees for keeping orders open for a long time. Traders should carefully consider these factors and their own trading strategy before using the 'time in force good till cancel' option.
  795133
• Nov 28, 2021 · 3 years ago
  The 'time in force good till cancel' option is a popular choice among cryptocurrency traders. It allows them to place orders that will remain active until they are filled or manually canceled. This option provides flexibility and convenience, as it gives traders the ability to wait for the desired price without having to constantly monitor the market. However, it's important to be aware of the potential drawbacks of using this option. For example, if the market conditions change rapidly, the order may not be executed as intended. Additionally, some exchanges may charge fees for keeping orders open for an extended period of time. Traders should carefully consider these factors and regularly review their open orders to ensure they align with their trading strategy.
  773111
• Nov 28, 2021 · 3 years ago
  The 'time in force good till cancel' option is a commonly used feature in the cryptocurrency market. It allows traders to place orders that will remain active until they are filled or manually canceled. This option provides flexibility and convenience, as it eliminates the need to constantly monitor the market or set new orders every day. However, it's important to understand that using this option comes with certain risks. For example, if the market conditions change significantly, the order may not be executed at the desired price or it may not be executed at all. Additionally, some exchanges may charge fees for keeping orders open for a long time. Traders should carefully consider these factors and their own trading strategy before using the 'time in force good till cancel' option.
  795100