What is the time-in-force feature for trading on TD Ameritrade in the cryptocurrency market?

3 answers

• Dec 29, 2021 · 3 years ago
  Sure! The time-in-force feature is a setting that determines how long an order will remain active before it is automatically canceled. When trading cryptocurrencies on TD Ameritrade, you can choose from different time-in-force options such as 'Day', 'Good 'til Canceled', 'Immediate or Cancel', and 'Fill or Kill'. Each option has its own rules regarding order execution and cancellation. For example, if you select 'Day', your order will remain active until the end of the trading day and will be canceled if it is not executed. It's important to understand the time-in-force options to ensure your orders are executed as desired.
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• Dec 29, 2021 · 3 years ago
  The time-in-force feature is a handy tool when trading cryptocurrencies on TD Ameritrade. It allows you to specify how long you want your order to remain active in the market. For example, if you choose 'Good 'til Canceled', your order will stay active until it is either executed or manually canceled by you. On the other hand, if you select 'Immediate or Cancel', your order will be executed immediately, and any portion that is not filled will be canceled. The time-in-force feature gives you flexibility and control over your trading strategy.
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• Dec 29, 2021 · 3 years ago
  When trading cryptocurrencies on TD Ameritrade, the time-in-force feature is an important aspect to consider. It allows you to set the duration for which your order will remain active in the market. This feature is especially useful when you want to execute a trade at a specific price or within a certain time frame. By choosing the appropriate time-in-force option, you can ensure that your order is executed according to your preferences. TD Ameritrade offers various time-in-force options, so make sure to familiarize yourself with them before placing your trades.
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