5 TIF Trading Orders You need to Know
Q. What are the 5 common TIF (Time In Force) Trading Orders to know?
GTC: “Good Till Cancelled”
Where the order remains active until you manually cancel it.
FOK: “Fill or Kill”
This type of order requires immediate execution of the entire order quantity.
If the full amount is not executed, it is then cancelled.
GTD: “Good Till Date”
Where you can specify a specific date until which the order is valid.
MIT: “Market if Touched”
This order is triggered when the market price reaches a specified level (trigger price).
It then becomes a market order and is executed at the best available price.
LIT: “Limit if Touched”
If a Limit if Touched order is triggered when the market price reaches a chosen or trigger price.
GTC (Good Till Cancelled).
This way you’ll know that your position (order) will stay in the market until you cancel it manually.
What trading question do you have? Let me know in the comments.
Can you think of anymore?
GTC: “Good Till Cancelled”
Where the order remains active until you manually cancel it.
FOK: “Fill or Kill”
This type of order requires immediate execution of the entire order quantity.
If the full amount is not executed, it is then cancelled.
GTD: “Good Till Date”
Where you can specify a specific date until which the order is valid.
MIT: “Market if Touched”
This order is triggered when the market price reaches a specified level (trigger price).
It then becomes a market order and is executed at the best available price.
LIT: “Limit if Touched”
If a Limit if Touched order is triggered when the market price reaches a chosen or trigger price.
GTC (Good Till Cancelled).
This way you’ll know that your position (order) will stay in the market until you cancel it manually.
What trading question do you have? Let me know in the comments.
Can you think of anymore?
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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