Thursday, June 11, 2009

OP AND GFD


OP (Good til canceled)

A GTC order to remain active in the market when you decide to cancel. Your broker does not cancel the order at any time. It is your responsibility to realize that you are okay scheduled.


GFD (Good Day)

A GFD order to remain active in the market by the end of business day. Given that the currency markets is a 24-hour market, this usually means 5pm EST ago, the U.S. markets close, but I would recommend you to check with your broker.

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