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Definition
An order to trade at a specific price. It remains open until trader cancels. Hence “Good ’til cancelled.” Also known as GTC.
Good ’til cancelled order
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Related Terms
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If you’re looking for additional reading to supplement your forex trading education, you’ve come to the...
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The execution of one order automatically cancels a previous order. A special type of order stating that if...
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An entry order is one that is used to enter a trade at a specified price level. If the currency pair never...
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An index that measures the change in price of a representative basket of goods and services such as food,...
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Trade balance measures the ratio of exports to imports for a given country’s economy. If exports are...
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