Cryptocurrency Q&A
What is the difference between GTC and limit?
What is the difference between GTC and limit?
GinsengBoostPowerBoost
Fri Jul 26 2024
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6 answers
1064
Excuse me, could you clarify the distinction between GTC and limit orders for me? I understand that both are types of orders used in cryptocurrency trading, but I'm not entirely sure how they differ from one another. Could you elaborate on the key differences in terms of how they operate, when they're typically used, and any potential advantages or disadvantages of each? Your insights would be greatly appreciated.
6 answers
Isabella
Sat Jul 27 2024
The GTC (Good Til Canceled) order is a trading instruction that remains active in the market until one of three conditions are met: it is executed, it is canceled by the trader, or the trader manually updates or cancels it. This feature allows traders to place an order and forget about it, confident that it will remain in the market until further notice.
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BlockchainWizard
Sat Jul 27 2024
Cryptocurrency exchanges, such as BTCC, offer a range of services to traders, including spot and futures trading, as well as cryptocurrency wallets. BTCC, which is based in the UK, is a popular choice for traders looking to buy and sell digital currencies.
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ZenBalance
Sat Jul 27 2024
One of the key features of BTCC is its user-friendly interface, which makes it easy for traders to navigate the platform and execute trades. The exchange also offers a range of trading tools and resources, such as real-time market data and charting tools, to help traders make informed decisions.
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SakuraPetal
Sat Jul 27 2024
A Sell Limit Order, on the other hand, is a trading strategy used by traders who hold stocks that they believe will appreciate in value over time. However, these traders want to sell their shares at a specific price point to ensure they lock in their profits.
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DiamondStorm
Sat Jul 27 2024
With a Sell Limit Order, the trader sets a limit price, which is the minimum price they are willing to accept for their shares. If the market price reaches or exceeds this limit price, the order will be executed automatically.
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