Good Till Cancelled
a.k.a. GTC, Good 'til cancelled order
An order that stays active until it is filled or you cancel it, rather than expiring at the end of the day.
In plain English
An order that stays active until it is filled or you cancel it, rather than expiring at the end of the day.
A good till cancelled (GTC) order sits patiently until price reaches it or you remove it. Most forex platforms default to GTC for pending orders.
Easy to forget, though: an old GTC order can trigger weeks later when the situation has changed. Review pending orders regularly. Compare end of day order.
Keep this word for good
Your free Private Swap Lounge saves the terms you’ve learned and quizzes you on them. Portal under construction. Expected delivery date is December 01, 2026.