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An order that uses Good-Til Canceled (GTC) Time-In Force is a specific order type that will remain in effect until the order is filled or is canceled.
The ability to enter a Bid below the current market price or an Offer above the current market price allows the investor to set up a resting order that can be placed for days, weeks, or months in advance and without having to repeat the process each day. This allows traders to identify important levels where they would like to enter or exit the market.
Please consider the following features before placing GTC orders:
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