October 23, 2017
Question: What is GFD order on FX trading platforms?
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 order or an open position, the position will be cancelled or closed(executed) at the end of the day, in market hours.
*Some trading platforms may not contain this feature.
