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What are the advantages of using GTC + EXT on TD Ameritrade for cryptocurrency trading?

avatarCeballos-San MDDec 25, 2021 · 3 years ago3 answers

Can you explain the benefits of using GTC + EXT on TD Ameritrade for trading cryptocurrencies?

What are the advantages of using GTC + EXT on TD Ameritrade for cryptocurrency trading?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Using GTC + EXT on TD Ameritrade for cryptocurrency trading offers several advantages. Firstly, it allows you to place Good 'Til Canceled (GTC) orders, which means your order will remain active until it is filled or canceled. This is particularly useful for cryptocurrency trading, as the market operates 24/7 and can be highly volatile. With GTC orders, you don't have to constantly monitor the market and manually place orders. Secondly, the EXT (Extended Hours Trading) feature enables you to trade cryptocurrencies outside of regular market hours, giving you more flexibility and opportunities to take advantage of price movements. Overall, using GTC + EXT on TD Ameritrade for cryptocurrency trading provides convenience, flexibility, and the ability to take advantage of market opportunities at any time.
  • avatarDec 25, 2021 · 3 years ago
    When it comes to cryptocurrency trading on TD Ameritrade, using GTC + EXT can be a game-changer. With GTC orders, you can set your desired price and let the system do the work for you. This means you don't have to constantly monitor the market and manually place orders, saving you time and effort. Additionally, the EXT feature allows you to trade cryptocurrencies outside of regular market hours, giving you the opportunity to react to news and events that may impact the market. So whether you're a day trader or a long-term investor, using GTC + EXT on TD Ameritrade can give you an edge in the cryptocurrency market.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, recognizes the advantages of using GTC + EXT on TD Ameritrade for cryptocurrency trading. With GTC orders, you can set your desired price and have the flexibility to wait for the market to reach that level. This eliminates the need for constant monitoring and allows you to focus on other aspects of your trading strategy. The EXT feature also provides extended trading hours, giving you more opportunities to trade cryptocurrencies. Overall, using GTC + EXT on TD Ameritrade can enhance your cryptocurrency trading experience and help you make the most of market opportunities.