A specific duration limit for validity of an order to trade on the market. It is an identifier that indicates the order is only valid during the current market session or day. The order is automatically cancelled at the close of market for the day. In 24 hour markets, such orders can have unintended consequences if the investor doesn't know specifically when the order will be cancelled. This is especially important when more than one time zone is involved in the transaction.
Related information about good for the day order:
- What is good for the day order? definition and meaning
Definition of good for the day order: A specific duration limit for validity of an order to trade on the market. It is an identifier that indicates the order is only valid ...
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A 'good for the day' order is any order that is good for just that day. There is no need to cancel one of these as they're automatically cancelled, if not filled, at the ...
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GFD (“Good for the Day”) Order. This type of entry order is just the opposite of the above GTC order. A GFD order remains active in the market only until the end ...
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Your order will be placed as a 'Good for the Day' order. It will therefore only be placed into the ASX market for that day, and will be purged if it has not executed ...
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“Good for the day” - Order that, if not executed, expires at the end of the trading day on which the order is entered. GTCA. “Good until cancelled”- Order that ...
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A good for the day order is exactly like it sounds: it remains open until the trading day ends. Because the Forex market is a 24 hrs market, you may need to check ...
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Good for the Day order (GFD) – A good for day order remains active in the market until the end of the trading day, in Forex the trading day ends at 5:00pm EST or ...
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This is also popularly known as the good for the day order. As the name implies the order will stand good only till the end of the trading session. A version of this ...