Cryptocurrency Q&A
What is GTC in Meta Trader?
What is GTC in Meta Trader?
Elena
Sun Oct 20 2024
|
5 answers
1172
I'm trying to understand the term GTC in Meta Trader. I've encountered it while exploring the trading platform and I'm not sure what it stands for or how it's used. Can someone explain this to me?
5 answers
CryptoEagle
Tue Oct 22 2024
A Good 'til Cancelled (GTC) order is a type of trading instruction that allows an investor to place an order for a trade and have it remain active in the market until it is either executed or manually cancelled by the trader.
Was this helpful?
104
58
Bianca
Tue Oct 22 2024
This type of order is beneficial for traders who are unable to constantly monitor the market or for those who are confident in their chosen entry and exit points.
Was this helpful?
198
89
SunlitMystery
Mon Oct 21 2024
However, brokerages typically impose a limit on the duration that a GTC order can remain open, often setting a maximum duration of 90 days.
Was this helpful?
369
86
HallyuHeroLegendaryStar
Mon Oct 21 2024
After this period, the order will automatically be cancelled by the brokerage if it has not been executed or manually cancelled by the trader.
Was this helpful?
227
72
mia_rose_painter
Mon Oct 21 2024
BTCC, a leading cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet services.
Was this helpful?
274
50
