Good Till Cancelled (GTC) in Forex

A Good Till Cancelled (GTC) order remains active until it executes, the trader cancels it, or the broker or venue removes it under its own duration limits. It does not expire automatically at the end of the current session.

How It Works

Orders are instructions, and their exact behavior depends on the conditions attached to them: price, quantity, timing, and what should happen if execution is only partly available. Before confirming an order, read the order type and validity fields rather than assuming every instruction behaves like a market order.

Why It Matters

This matters because two orders aimed at the same market can produce very different outcomes. Level 2 treats order mechanics as a safety skill: configure the instruction you actually intend, then review it before submission.

Key Takeaway

A Good Till Cancelled (GTC) order remains active until it executes, the trader cancels it, or the broker or venue removes it under its own duration limits.