Trading 101 — Order Types: Time In Force (TIF)
Dec 11, 2020
Time in force is a specific time-related parameter allowing traders to determine how long an order should remain open before being executed or otherwise expiring. It is usually combined with other order types for more efficient control on the order.
Pros: Allows traders to automatically close open positions after some time.
Cons: Difficulty to determine the right timing.
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