Types of Forex Orders - BabyPips.com

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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. 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... 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. GFD means “Good For Day”. That means that your order will remain in effect today until it is either completed, you manually exit it, or the day ends. If the market conditions don’t trigger the order today then it will automatically abort and the end of the day. Seems GFT like 99% of the forex brokers out there are nothing more then a bucket shop. I'm thinking about switching to futures now. Its hard enough to make money trading, last thing you wanna worry about is the f***ing bucket shop playing games with you. Trade Monster 12/11/2009

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