Good for the Day (GFD) A GFD order remains active in the market until the end of the trading day. Because foreign exchange is a 24-hour market, this usually means 5:00 pm EST since that’s the time U.S. markets close, but we’d recommend you double-check with your broker. GFC and GTC are known as “time in force” orders. CFD trading and Forex trading have many similarities. First, both types of trading involve a similar trade execution process. Traders can easily enter or exit the market in both rising and falling markets. Second, both CFD trades and Forex trades are executed on the same platform, using similar looking charts and pricing methods. GFD order stands for "Good For the Day" order. A GFD order stays active in the market until the end of the trading day. Either it is a pending ord... Global Forex Trading was founded in 1997 as subdivision of Global Futures & Forex, Ltd. Residence, Regulation, and Company Management Structure The company is registered in the US, is registered with the CFTC, and is a member of the FCM. Good for the Day order (GFD) – A good for day order remains active in the market until the end of the trading day, in Forex the trading day ends at 5:00pm EST or New York time. The exact time a GFD expires might vary from broker to broker, so always check with your broker.
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