What is the meaning of TIF in cryptocurrency trading?

3 answers

• Jan 17, 2022 · 3 years ago
  TIF stands for Time In Force, which is a term used in cryptocurrency trading to specify how long an order should remain active. It determines the duration for which an order will be valid and eligible for execution. For example, if you set a TIF of 'Good Till Cancelled', your order will remain active until it is either filled or manually cancelled by you. Other common TIF options include 'Immediate or Cancel' (IOC), where any unfilled portion of the order is immediately cancelled, and 'Fill or Kill' (FOK), where the entire order must be filled immediately or it will be cancelled. TIF is an important parameter to consider when placing orders to ensure they are executed according to your desired timeframe.
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• Jan 17, 2022 · 3 years ago
  In cryptocurrency trading, TIF refers to Time In Force. It is a way to specify how long an order should remain active in the market. Different TIF options allow traders to control the duration for which their orders are valid. For example, if you choose 'Good Till Cancelled', your order will stay active until it is filled or manually cancelled. On the other hand, 'Immediate or Cancel' orders are executed immediately, and any unfilled portion is cancelled. TIF provides flexibility and control over the execution of orders in cryptocurrency trading.
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• Jan 17, 2022 · 3 years ago
  TIF, or Time In Force, is an important concept in cryptocurrency trading. It determines how long an order will stay active in the market. For example, if you set a TIF of 'Good Till Cancelled', your order will remain active until it is filled or manually cancelled. This allows you to keep your order open for an extended period of time, giving it more chances to be executed. Other TIF options, such as 'Immediate or Cancel' and 'Fill or Kill', provide different levels of flexibility and control over the execution of your orders. Understanding TIF is crucial for effectively managing your trades in the cryptocurrency market.
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