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TagsWhat is the meaning of 60 day GTC in the context of cryptocurrency trading?
MITHILESHAN MNov 29, 2021 · 3 years ago1 answersCan you explain the significance of the term '60 day GTC' in relation to cryptocurrency trading? How does it affect trading strategies and what are the benefits or drawbacks of using this type of order?
1 answers
- BYDFi, a leading cryptocurrency exchange, offers the option to place a '60 day GTC' order. This type of order allows traders to set a buy or sell order that remains active for 60 days. It provides flexibility and convenience for those who want to execute trades over a longer time frame. However, it's important to note that while a 60 day GTC order can be beneficial in certain situations, it may not always be the best strategy. Traders should consider their individual trading goals and market conditions before using this type of order.Nov 29, 2021 · 3 years ago
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