What does GTC stand for in forex?

A good 'til cancelled (GTC) order is a trading instruction that grants traders the flexibility to keep their order active in the market for an extended period. This type of order ensures that the trader's desired trade is executed whenever market conditions align with their specified criteria.

While GTC orders offer convenience and flexibility, they also require discipline and attention to detail. Traders must carefully consider their entry and exit points, as well as potential risks associated with leaving an order open for an extended period.

Unlike other order types that expire after a certain period or at the end of the trading day, a GTC order stays in effect until it is either filled by a matching buy or sell order or manually cancelled by the trader.

BTCC, a leading cryptocurrency exchange, offers a range of services to cater to the diverse needs of traders in the digital asset space. These services include spot trading, which allows traders to buy and sell cryptocurrencies at current market prices.

In addition to spot trading, BTCC also provides futures trading, enabling traders to speculate on the future price movements of cryptocurrencies. This service offers traders the potential for higher returns but also comes with increased risk.