What is a GTC (good till canceled) order?
A Good-Till-Cancelled (GTC) order is an order to buy or sell a security at a specific or limit price that lasts until the order is completed or cancelled. A GTC order will not be executed until the limit price has been reached. Investors often use GTC orders to set a limit price that is far away from the current market price. At FundsIndia an investor can place a GTC order for an active period of 7 calendar days.
