What is the time in force for day or on close orders in the context of cryptocurrency trading?

1 answers

• Mar 19, 2022 · 3 years ago
  In the context of cryptocurrency trading, BYDFi offers day and on close orders as part of its trading features. Day orders are valid only for the current trading day and expire at the end of the day if not executed. On close orders, on the other hand, are executed at the closing price of the trading day. These order types provide flexibility for traders to control the timing of their trades and take advantage of market conditions. However, it's important for traders to carefully consider their trading strategy and the risks involved before placing day or on close orders.
  577289