What does time in force mean in cryptocurrency trading?

3 answers

• Dec 14, 2021 · 3 years ago
  Sure! 'Time in force' refers to the duration for which an order will remain active in the market before it is either executed or canceled. It is a parameter that traders can set when placing an order. The most common time in force options are 'Good Till Cancelled' (GTC) and 'Immediate or Cancel' (IOC). GTC orders remain active until they are manually canceled by the trader, while IOC orders are executed immediately and any remaining quantity is canceled. The choice of time in force can impact the likelihood of order execution and the potential for partial fills.
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• Dec 14, 2021 · 3 years ago
  Time in force is an important concept in cryptocurrency trading. It determines how long an order will stay active in the market. For example, if you set a 'Good Till Cancelled' (GTC) time in force, your order will remain active until it is filled or manually canceled. On the other hand, if you choose 'Immediate or Cancel' (IOC), your order will be executed immediately, and any unfilled portion will be canceled. It's crucial to understand the different time in force options and choose the one that aligns with your trading strategy.
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• Dec 14, 2021 · 3 years ago
  When it comes to time in force, BYDFi takes a user-friendly approach. They offer various options such as 'Good Till Cancelled' (GTC), 'Immediate or Cancel' (IOC), and 'Fill or Kill' (FOK). Each option has its own advantages and can be useful in different trading scenarios. For example, GTC orders are suitable for long-term traders who want their orders to remain active until filled, while IOC orders are ideal for those who want immediate execution. It's important to consider your trading goals and select the appropriate time in force option.
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