Cryptocurrency Q&A
What is GTC in trading?
What is GTC in trading?
EthereumEmpress
Thu Oct 17 2024
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7 answers
1742
I'm trying to understand the concept of GTC in trading. Could someone explain what it stands for and how it works in the trading process? I'm particularly interested in its application and benefits.
7 answers
BonsaiVitality
Sat Oct 19 2024
A Good-Til-Cancelled (GTC) order is a versatile trading tool utilized by investors in the financial markets. It allows for the placement of a buy or sell order for a stock that remains active until either the transaction is executed or the investor chooses to cancel it.
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Andrea
Sat Oct 19 2024
The primary advantage of a GTC order lies in its longevity. Unlike other order types that may expire after a specific time period, a GTC order persists indefinitely, providing investors with the flexibility to pursue their trading strategies without constant monitoring.
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CryptoGuru
Fri Oct 18 2024
However, brokerage firms impose restrictions on the duration for which a GTC order can remain open. This measure is intended to protect investors from unintended consequences that may arise from leaving orders unattended for extended periods.
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Alessandro
Fri Oct 18 2024
In addition to its trading services, BTCC also offers a wallet solution that enables users to securely store and manage their digital assets. This feature is particularly important in the cryptocurrency space, where security is a paramount concern.
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BitcoinBaroness
Fri Oct 18 2024
The exact length of time allowed for a GTC order to remain active varies among different brokerage firms. Some may allow orders to stay open for weeks or even months, while others may impose stricter limitations.
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