What are the benefits of using GTC orders when trading digital assets?

3 answers

• Mar 07, 2022 · 3 years ago
  GTC orders are a type of order that remains active until it is either filled or canceled by the trader. One of the main benefits of using GTC orders when trading digital assets is that they allow traders to set their desired price levels and automate their trading strategy. This means that even if the trader is not actively monitoring the market, their orders will still be executed according to their predetermined conditions. GTC orders can help traders take advantage of price movements and avoid missing out on potential opportunities.
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• Mar 07, 2022 · 3 years ago
  When using GTC orders, traders can set their buy or sell orders at specific price levels, which can help them enter or exit positions at their desired prices. This can be particularly useful in volatile markets, where prices can change rapidly. By using GTC orders, traders can avoid the need to constantly monitor the market and manually place orders, saving time and effort. Additionally, GTC orders can help traders avoid emotional decision-making, as their orders are executed automatically based on their predetermined conditions.
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• Mar 07, 2022 · 3 years ago
  As a leading digital asset exchange, BYDFi recognizes the importance of GTC orders for traders. GTC orders provide flexibility and convenience, allowing traders to set their orders and have them executed even when they are not actively trading. This can be especially beneficial for traders who have specific price targets or want to take advantage of market movements while minimizing their time spent monitoring the market. By using GTC orders, traders can have more control over their trading strategy and potentially improve their overall trading performance.
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