Are there any specific strategies or tips for setting the expiration and GTC orders in cryptocurrency trading?

3 answers

• Feb 18, 2022 · 3 years ago
  When setting the expiration and GTC orders in cryptocurrency trading, it's important to consider the volatility of the market. One strategy is to set a relatively short expiration time for orders to take advantage of quick price movements. Additionally, using GTC (Good 'Til Canceled) orders can be useful for long-term trading strategies, as they remain active until they are manually canceled. It's also recommended to regularly review and adjust your orders based on market conditions to maximize your trading opportunities.
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• Feb 18, 2022 · 3 years ago
  Setting the expiration and GTC orders in cryptocurrency trading requires careful consideration. One tip is to set realistic expiration times that align with your trading goals. If you're looking for short-term gains, a shorter expiration time may be appropriate. On the other hand, if you have a long-term investment strategy, setting a longer expiration time can help you ride out market fluctuations. Additionally, it's important to set GTC orders at appropriate price levels to ensure they are executed when the market reaches your desired entry or exit point.
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• Feb 18, 2022 · 3 years ago
  When it comes to setting the expiration and GTC orders in cryptocurrency trading, BYDFi recommends using a combination of technical analysis and market research. By analyzing historical price data and identifying key support and resistance levels, you can set expiration and GTC orders at strategic points to maximize your trading opportunities. It's also important to stay updated on market news and events that may impact the price of cryptocurrencies, as this can help you make informed decisions when setting your orders.
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