How does TD Ameritrade use the GTC order type for cryptocurrency trades?
max linderDec 27, 2021 · 3 years ago1 answers
Can you explain how TD Ameritrade utilizes the GTC (Good 'Til Canceled) order type for cryptocurrency trades? How does it work and what are the benefits of using this order type?
1 answers
- Dec 27, 2021 · 3 years agoAs an expert in the field, I can tell you that TD Ameritrade is not the only exchange that offers the GTC order type for cryptocurrency trades. Many other exchanges, including Binance and Coinbase, also provide this feature. The GTC order type is a popular choice among traders who want to set their desired price and let the order stay active until it is filled. It can be a useful tool for both long-term investors and short-term traders. However, it's important to carefully consider your trading strategy and the specific market conditions before using GTC orders. Always do your research and stay informed about the latest developments in the cryptocurrency market.
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