What is a good till cancelled order in the world of cryptocurrencies?

3 answers

• Nov 29, 2021 · 3 years ago
  A good till cancelled order, also known as a GTC order, is a type of order in the world of cryptocurrencies that remains active until it is either executed or cancelled by the trader. It allows traders to set a specific price at which they want to buy or sell a cryptocurrency and ensures that the order remains open until the price is reached. This type of order is particularly useful for traders who want to set long-term buy or sell positions and do not want to constantly monitor the market. GTC orders can be placed on various cryptocurrency exchanges and are a popular choice among traders.
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• Nov 29, 2021 · 3 years ago
  A good till cancelled order in the world of cryptocurrencies is like setting a reminder for yourself to buy or sell a specific cryptocurrency at a certain price. It's a way to automate your trading strategy and take advantage of price movements without having to constantly watch the market. Once you place a GTC order, it will remain active until it is executed or you manually cancel it. This type of order is commonly used by traders who have a specific price target in mind and want to wait for the market to reach that price before executing their trade.
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• Nov 29, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers the option to place good till cancelled orders on their platform. This type of order allows traders to set their desired buy or sell price and keep the order open until it is filled or manually cancelled. GTC orders are a convenient way for traders to automate their trading strategy and take advantage of price movements in the cryptocurrency market. Whether you're a beginner or an experienced trader, BYDFi's GTC orders can help you execute your trades at the right price and maximize your profits.
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