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What are the advantages of using GTC + EXT in the cryptocurrency market?

avatarSchulz HoweNov 24, 2021 · 3 years ago3 answers

Can you explain the benefits of using GTC + EXT in the cryptocurrency market? How does it help traders and investors?

What are the advantages of using GTC + EXT in the cryptocurrency market?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Using GTC (Good Till Cancelled) + EXT (Extended Hours) orders in the cryptocurrency market has several advantages. Firstly, it allows traders and investors to place orders that remain active until they are executed or manually canceled. This means that even if the market conditions change, the order will still be in place, providing an opportunity to take advantage of favorable price movements. Additionally, GTC + EXT orders enable trading during extended hours, which means that traders can react to news and events that occur outside of regular trading hours. This can be particularly useful in the cryptocurrency market, which operates 24/7. Overall, using GTC + EXT orders provides flexibility and convenience for traders and investors in the cryptocurrency market.
  • avatarNov 24, 2021 · 3 years ago
    GTC + EXT orders are a game-changer in the cryptocurrency market. With GTC orders, traders can set their desired price and wait for the market to reach that level. This eliminates the need to constantly monitor the market and manually place orders. The EXT feature allows trading during extended hours, which means that traders can take advantage of price movements that occur outside of regular trading hours. This can be especially beneficial for those who have other commitments during the day. By using GTC + EXT orders, traders can maximize their opportunities and make more informed trading decisions.
  • avatarNov 24, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, offers GTC + EXT orders to its users. With BYDFi's advanced trading platform, traders can easily set GTC orders and take advantage of the extended trading hours. BYDFi's platform is designed to provide a seamless trading experience, with fast execution and competitive fees. Whether you're a beginner or an experienced trader, BYDFi's GTC + EXT orders can help you optimize your trading strategy and stay ahead in the cryptocurrency market.