I've been meaning to write about this for a while, and finally had some time to do it.
GTC means an order remains active until it is filled or canceled. IOC means any portion that can be filled is executed immediately, and the remainder is automatically canceled.
A market order trades price certainty for the quickest possible execution. A limit order is the opposite: you control the price, but the order may not be filled.
The coin mentioned above: $BTC is quoted at 82972.01 (24h +2.19%).
What was the first situation that helped you understand this?
#BTC
Be aware of the risks and make your own decisions.
GTC means an order remains active until it is filled or canceled. IOC means any portion that can be filled is executed immediately, and the remainder is automatically canceled.
A market order trades price certainty for the quickest possible execution. A limit order is the opposite: you control the price, but the order may not be filled.
The coin mentioned above: $BTC is quoted at 82972.01 (24h +2.19%).
What was the first situation that helped you understand this?
#BTC
Be aware of the risks and make your own decisions.