What is the meaning of GTC (Good 'Til Canceled) in the context of cryptocurrency trading?

3 answers

• Dec 27, 2021 · 3 years ago
  GTC (Good 'Til Canceled) is a type of order in cryptocurrency trading that remains active until it is either filled or canceled by the trader. When you place a GTC order, it will stay on the order book until it is executed or manually canceled. This means that even if the market conditions change, your order will still be valid and can be filled at any time. GTC orders are commonly used by traders who want to set specific price levels for buying or selling cryptocurrencies and are not time-sensitive. They provide flexibility and convenience, allowing traders to take advantage of favorable market conditions without constantly monitoring the market.
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• Dec 27, 2021 · 3 years ago
  GTC (Good 'Til Canceled)在加密货币交易中是一种订单类型，该订单将保持有效，直到被交易者执行或取消。当您下达GTC订单时，它将保留在订单簿上，直到被执行或手动取消。这意味着即使市场条件发生变化，您的订单仍然有效，并且可以在任何时间被执行。GTC订单通常被那些希望设定特定价格水平进行买卖加密货币且不受时间限制的交易者使用。它们提供了灵活性和便利性，使交易者能够在不断监控市场的情况下利用有利的市场条件。
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• Dec 27, 2021 · 3 years ago
  GTC (Good 'Til Canceled) is a commonly used term in cryptocurrency trading. It refers to an order type that remains active until it is filled or manually canceled by the trader. When you place a GTC order, it will stay on the exchange's order book until it is executed or canceled. This means that your order will remain open even if the market conditions change. GTC orders are useful for traders who want to set specific price levels for buying or selling cryptocurrencies and are not time-sensitive. They provide flexibility and allow traders to take advantage of market opportunities without constantly monitoring the market. It's important to note that different exchanges may have slight variations in how they handle GTC orders, so it's always a good idea to familiarize yourself with the specific rules and policies of the exchange you are using.
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