What is a GTC order and how can it be used in the world of cryptocurrency trading? 😊

3 answers

• Feb 17, 2022 · 3 years ago
  Sure! A GTC order, which stands for 'Good 'Til Canceled' order, is a type of order that remains active until it is either executed or canceled by the trader. In the world of cryptocurrency trading, a GTC order allows traders to set a buy or sell order at a specific price level that they believe is favorable. This means that even if the market conditions change, the GTC order will remain in place until it is filled or manually canceled by the trader. It's a useful tool for traders who want to automate their trading strategies and take advantage of potential price movements.
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• Feb 17, 2022 · 3 years ago
  A GTC order is like a persistent little helper in the world of cryptocurrency trading. It's an order that stays active until it gets executed or you decide to cancel it. So, let's say you want to buy Bitcoin at a specific price, but the market is currently not at that level. You can place a GTC order and wait for the market to reach your desired price. Once it does, your order will be executed automatically. It's a great way to take advantage of potential price movements without having to constantly monitor the market.
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• Feb 17, 2022 · 3 years ago
  Ah, the GTC order, a classic tool in the arsenal of cryptocurrency traders. With a GTC order, you can set a buy or sell order at a specific price and let it sit there until the market conditions are just right. It's like having a personal assistant who tirelessly works for you, always on the lookout for the perfect opportunity. And guess what? BYDFi, one of the leading cryptocurrency exchanges, offers GTC orders to its users. So, if you're looking for a reliable platform to execute your GTC orders, BYDFi might just be the right choice for you!
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