How does GTC order type work in digital asset trading?

3 answers

• Feb 17, 2022 · 3 years ago
  Sure! The GTC order type allows you to place an order that remains active until it is either filled or canceled. This means that your order will stay in the order book until it is executed or manually canceled by you. It's a convenient option if you want to set a specific price target and wait for the market to reach it. Just keep in mind that GTC orders may not be suitable for volatile markets, as the price can fluctuate significantly and your order might not be executed at your desired price.
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• Feb 17, 2022 · 3 years ago
  GTC orders are commonly used by traders who want to set long-term positions or have specific price targets in mind. Unlike other order types, GTC orders don't have an expiration date, so they can stay in the order book indefinitely. However, it's important to regularly review and update your GTC orders to ensure they still align with your trading strategy. Remember, the market can change quickly, and your GTC order might no longer be relevant or beneficial.
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• Feb 17, 2022 · 3 years ago
  With the GTC order type, you can place an order to buy or sell a digital asset at a specific price. The order will remain active until it is filled or manually canceled. This means that even if the market conditions change, your order will stay in the order book until it is executed or canceled. It's a useful tool for traders who want to set specific price targets and have more control over their trading strategy. Just make sure to regularly review and adjust your GTC orders to adapt to market conditions.
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