 |
Definition of 'Time In Force'
A special instruction used when placing a trade to indicate how long an order will remain active before it is executed or expires. Time-in-force options allow traders to be more specific about the time parameters in which an order is activated. This is especially important for active traders.
|
 |
Investopedia explains 'Time In Force'
Time-in-force options will depend on your broker. Most often, they include options such as day order, good 'till canceled, fill or kill, etc. For example, a day order, as the name implies, is valid for the current trading day. Good 'till canceled orders, on the other hand, will remain live until they are canceled.
|
-
Find out the various ways in which a broker can fill an order, which can affect costs.
Read More »
-
Taking control of your portfolio means knowing what orders to use when buying or selling stocks.
Read More »
|
|
