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What are the recommended time in force options for trading digital currencies?

avatarSena İlçiniNov 26, 2021 · 3 years ago1 answers

When trading digital currencies, what are the time in force options that are recommended for traders to use? I want to know the different options available and understand which ones are commonly used and why.

What are the recommended time in force options for trading digital currencies?
Digital Currencies
Trading
Time In Force

1 answers

  • avatarNov 26, 2021 · 3 years ago
    When trading digital currencies, it's crucial to be familiar with the recommended time in force options. The most commonly used options are 'Good Till Cancelled' (GTC), 'Immediate or Cancel' (IOC), and 'Fill or Kill' (FOK). GTC orders remain active until 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, it is cancelled. Traders should choose the option that aligns with their trading strategy and goals. GTC orders are often preferred by long-term investors, while IOC and FOK orders are popular among active traders who prioritize quick execution.

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