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Good Till Cancelled or GTC order allows you to place an order which remains in brokers trading system until it get executed, cancelled manually or order expiry date reaches.
GTC order is used for placing a buy/sell order when an investor wants a trade to get executed at the desired price for the desired quantity. GTC order once placed is valid until the order gets executed or cancelled. However, most of the brokers ask the investor to limit the timeframe until which the GTC orders can be kept open.
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