What’s Time in Force in Crypto Trading?

Crypto traders use different tools as a way of improving their potential profits and reducing losses

Crypto orders like market orders, limit orders, and stop orders are used in reducing the loss level that a portfolio faces

When choosing the crypto order to use, there is an important concept that should not be ignored, and that is the time in force concept

Good ‘til canceled (GTC), This gives the crypto exchange the instruction that trade should remain open till it is canceled manually or it ends up being executed

Immediate or cancel (IOC), This type of order states that if a part of an order has not been filled instantly, it should be canceled

Fill or kill (FOK), This type of order means that it should be filled instantly or the transaction should be canceled