What are the best time-in-force options for trading digital currencies on TD Ameritrade?

3 answers

• Dec 26, 2021 · 3 years ago
  One of the best time-in-force options for trading digital currencies on TD Ameritrade is the Good 'Til Canceled (GTC) order. This type of order remains active until it is manually canceled by the trader. It allows you to set a specific price at which you want to buy or sell a digital currency, and the order will stay open until it is executed or canceled. GTC orders are great for long-term trading strategies or when you want to take advantage of potential price fluctuations over an extended period of time.
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• Dec 26, 2021 · 3 years ago
  Another popular time-in-force option is the Immediate or Cancel (IOC) order. With an IOC order, if the order cannot be filled immediately, any unfilled portion of the order will be canceled. This can be useful when you want to quickly execute a trade and are not concerned about partial fills. It ensures that you either get the entire order filled immediately or none of it at all. IOC orders are commonly used for short-term trading strategies or when you want to take advantage of immediate market opportunities.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, offers a variety of time-in-force options for trading digital currencies. Some of the best options include Good 'Til Canceled (GTC), Immediate or Cancel (IOC), and Fill or Kill (FOK). GTC orders allow you to set a specific price and keep the order open until it is executed or canceled. IOC orders prioritize immediate execution and cancel any unfilled portion. FOK orders require the entire order to be filled immediately or it will be canceled. These options provide flexibility and cater to different trading strategies and preferences.
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