I'm trying to understand the meaning of GTC in the context of forex trading. Could someone explain what this acronym stands for and how it's used in this field?
7 answers
Andrea
Mon Oct 28 2024
Specifically, they typically set a limit of 90 days for a GTC order to remain valid.
ShintoSanctuary
Mon Oct 28 2024
A good 'til cancelled (GTC) order serves as a directive for executing a trade.
Nicola
Mon Oct 28 2024
This type of order remains active and in effect until it is fulfilled.
KDramaLegendaryStarlightFestival
Mon Oct 28 2024
Another way a GTC order can cease to be active is when the trader decides to cancel it.
Stefano
Mon Oct 28 2024
Brokerages often place restrictions on the duration for which a GTC order can stay open.