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Is it better to use a day order or a good till canceled for buying and selling cryptocurrencies?

avatarcandy caneNov 26, 2021 · 3 years ago1 answers

When it comes to buying and selling cryptocurrencies, which is the better option: using a day order or a good till canceled order?

Is it better to use a day order or a good till canceled for buying and selling cryptocurrencies?
Cryptocurrencies
Day Order
Good Till Canceled

1 answers

  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, we recommend using a good till canceled order for buying and selling cryptocurrencies. This allows you to set a specific price target and gives you the flexibility to wait for the market to reach that level. However, it's important to note that this is just a recommendation and the choice ultimately depends on your trading strategy and goals. It's always a good idea to do your own research and consider your risk tolerance before making any trading decisions.

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