How does the 'time in force day' setting affect my cryptocurrency orders?

7 answers

• Nov 24, 2021 · 3 years ago
  Sure! The 'time in force day' setting refers to the duration for which your cryptocurrency order will remain active in the market. When you place an order, you can choose different time in force options such as 'day', 'good till canceled', or 'immediate or cancel'. If you select 'time in force day', it means that your order will stay active until the end of the trading day. If it's not executed by then, it will be automatically canceled. This setting allows you to specify the time frame within which you want your order to be executed.
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• Nov 24, 2021 · 3 years ago
  The 'time in force day' setting is commonly used by traders who want to execute their orders within a specific trading day. By selecting this option, you ensure that your order is active only for the duration of that day's trading session. If your order is not filled by the end of the day, it will be canceled. This setting can be useful for short-term traders who want to take advantage of intraday price movements.
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• Nov 24, 2021 · 3 years ago
  When it comes to the 'time in force day' setting, BYDFi offers a similar feature. By selecting this option, your order will remain active until the end of the trading day on BYDFi. If it's not executed by then, it will be automatically canceled. This setting allows you to have more control over the duration of your order and ensures that it doesn't stay open indefinitely.
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• Nov 24, 2021 · 3 years ago
  The 'time in force day' setting is specific to each exchange and may have slight variations in its implementation. However, the general concept remains the same – it determines how long your order will remain active in the market. It's important to understand the implications of this setting and choose the appropriate time frame based on your trading strategy and goals.
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• Nov 24, 2021 · 3 years ago
  The 'time in force day' setting is just one of the options available for managing the duration of your cryptocurrency orders. It allows you to specify that your order should remain active until the end of the trading day. If it's not filled by then, it will be canceled. This setting can be useful if you want to ensure that your order is executed within a specific time frame.
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• Nov 24, 2021 · 3 years ago
  The 'time in force day' setting affects your cryptocurrency orders by determining how long they will remain active in the market. If you select this option, your order will stay open until the end of the trading day. If it's not executed by then, it will be automatically canceled. This setting can be helpful if you want to limit the duration of your order and avoid it staying open for an extended period of time.
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• Nov 24, 2021 · 3 years ago
  The 'time in force day' setting is an important consideration when placing cryptocurrency orders. By selecting this option, your order will remain active until the end of the trading day. If it's not filled by then, it will be canceled. This setting allows you to control the duration of your order and ensure that it doesn't stay open indefinitely, which can be particularly useful in volatile markets.
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