Can you explain the concept of 'time in force on close' in the context of cryptocurrency trades?

3 answers

• Dec 16, 2021 · 3 years ago
  Time in force on close refers to a type of order duration that specifies that a cryptocurrency trade should only be executed at the closing price of the trading day. This means that if the trade is not executed by the end of the trading day, it will be canceled. It is commonly used by traders who want to ensure that their trades are executed at a specific price, such as when they believe the closing price will be favorable. By using time in force on close, traders can have more control over the execution of their trades.
  526263
• Dec 16, 2021 · 3 years ago
  Time in force on close is a concept in cryptocurrency trading that allows traders to specify that their trades should only be executed at the closing price of the trading day. This can be useful for traders who want to take advantage of potential price movements that may occur at the end of the day. By using this order duration, traders can ensure that their trades are executed at a specific price, which can be beneficial in volatile markets. However, it's important to note that if the trade is not executed by the end of the day, it will be canceled.
  556186
• Dec 16, 2021 · 3 years ago
  Time in force on close is a feature offered by some cryptocurrency exchanges, including BYDFi, that allows traders to specify that their trades should only be executed at the closing price of the trading day. This can be useful for traders who want to take advantage of potential price movements that may occur at the end of the day. By using this order duration, traders can have more control over the execution of their trades and potentially achieve better results. However, it's important to note that if the trade is not executed by the end of the day, it will be canceled.
  578145