Good-Till-Canceled (GTC)

By: WEEX|2025/03/11 06:55:10
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Good-Till-Canceled (GTC) is a type of order used in trading that remains active until it is either executed or canceled by the trader. Unlike day orders, which expire at the end of the trading session if not filled, GTC orders can persist for an extended period, allowing traders to maintain their buying or selling intentions over time. The primary purpose of a GTC order is to provide flexibility, enabling traders to set specific price points at which they want to buy or sell an asset without the need to re-enter the order daily. 


This order type is particularly beneficial for those looking to take advantage of price fluctuations in the market without constant monitoring. For instance, if a trader wants to purchase a stock at a lower price than its current market value, they can place a GTC order that will execute automatically once the stock reaches the desired price. 


GTC orders are also useful for managing risk, as they allow traders to establish limit orders that align with their trading strategies. Additionally, the transparency of GTC orders ensures that traders can track their open orders and make informed decisions based on market conditions. Overall, GTC orders serve as an effective tool for traders seeking to navigate the complexities of financial markets while optimizing their trading strategies.

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