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 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. 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 (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. 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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