I just started to trade in bittrex and as I wanted to buy a coin, I saw these two terms: good 'till cancel and immediate or cancel.
Pls can any one advise me which one s good to use? I already used the default good till cancel and my stop limit isn't reached yet, will I get my cash back if it doesn't reach the limit I wanted to buy?
I think you chose the right option. Good till canceled means your order will stay there until someone takes it. While that order is still pending, you can cancel it anytime. You will get your cash (not really cash by the way; it is in crypto of course
) back if in case you cancel your order. Look at the pending order and you will find all your orders that are still pending. You may tick the red x button to cancel them.
I haven't seen then cancel button before that's why, maybe it's be cause I'm on mobile version of the site.
The mobile site is clunky and I can't scroll sideways.
On the main site, you just scroll down to "open orders", and you should see the details of your order. On the right, there's a small X to cancel the order, but I can't see it on my phone.
"Immediate or cancel" orders are mainly for when you just want the closure of a completed trade and you're in a market with decent volume. Personally, I use them whenever I'm happy just trading with the current bid or ask price.
