What is a GTC Order?
GTC (Good 'Til Canceled)
Forex Trading Glossary
Quick Answer: GTC orders remain active until executed or manually canceled. They persist across trading sessions, ideal for swing traders waiting for specific price levels.
What is a GTC Order?
A Good-Til-Canceled (GTC) order remains active until it is filled or manually canceled. Many pending orders default to GTC, but some brokers expire them after a set time.
When to Use GTC
- Swing trading: Leave limit orders at key levels days in advance.
- Breakout planning: Set stop entries and let the market come to you.
- Patience: Ideal when you expect price to eventually revisit an area.
- Set reminders: Periodically review outstanding GTC orders to ensure relevance.
Related Terms
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