What are the different time-in-force options available when placing a cryptocurrency trade?

3 answers

• Nov 26, 2021 · 3 years ago
  When placing a cryptocurrency trade, you have several time-in-force options to choose from. The most common options include 'Good 'Til Cancelled' (GTC), 'Immediate or Cancel' (IOC), and 'Fill or Kill' (FOK). GTC orders remain active until they are manually cancelled, while IOC orders are executed immediately and any unfilled portion is cancelled. FOK orders require the entire order to be filled immediately, otherwise, the entire order is cancelled. These options allow traders to control how long their orders remain active and how they are executed.
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• Nov 26, 2021 · 3 years ago
  Alright, let's dive into the different time-in-force options for cryptocurrency trades. First up, we have 'Good 'Til Cancelled' (GTC). This option keeps your order active until you manually cancel it. It's great for long-term strategies or when you want to keep your order open indefinitely. Next, we have 'Immediate or Cancel' (IOC). With IOC, your order is executed immediately, and any portion that can't be filled is cancelled. This option is useful if you want to prioritize getting your order executed quickly. Lastly, we have 'Fill or Kill' (FOK). FOK orders require the entire order to be filled immediately, otherwise, the whole order is cancelled. This option ensures that your order is either fully executed or not executed at all. Each option has its own benefits and considerations, so choose the one that aligns with your trading goals.
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• Nov 26, 2021 · 3 years ago
  When it comes to time-in-force options for cryptocurrency trades, BYDFi offers a range of choices. One popular option is 'Good 'Til Cancelled' (GTC), which keeps your order active until you manually cancel it. This is useful for long-term strategies or when you want to keep your order open indefinitely. Another option is 'Immediate or Cancel' (IOC), where your order is executed immediately, and any unfilled portion is cancelled. This can be helpful if you want to prioritize quick execution. Lastly, there's 'Fill or Kill' (FOK), which requires the entire order to be filled immediately, otherwise, the whole order is cancelled. This ensures that your order is either fully executed or not executed at all. Consider your trading goals and choose the time-in-force option that suits you best.
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