5 TIF Trading Orders You need to Know

24 พ.ค. 2023Q. 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.
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