Good for Day

Good for day (GFD) is a financial term used to describe a type of order that must be executed on the same day it is placed. This type of order is typically used when an investor wants to buy or sell a security as soon as possible. GFD orders are usually placed with a broker or market maker, who then executes the order on the investor’s behalf. GFD orders are also known as day orders or day trades.

History of Good for Day

The term “good for day” has been used in the financial industry since the late 19th century. It was originally used to describe a type of order that was placed with a broker or market maker and had to be executed on the same day. This type of order was typically used when an investor wanted to buy or sell a security as soon as possible. Over time, the term has evolved to include other types of orders, such as limit orders and stop orders.

Today, GFD orders are commonly used by investors who want to take advantage of short-term price movements in the market. GFD orders are also used by investors who want to limit their exposure to risk by limiting the amount of time their order is active in the market. GFD orders are also used by investors who want to take advantage of market volatility by entering and exiting the market quickly.

Comparison Table

Summary

Good for day (GFD) is a financial term used to describe a type of order that must be executed on the same day it is placed. This type of order is typically used when an investor wants to buy or sell a security as soon as possible. GFD orders are also known as day orders or day trades. For more information about GFD orders, investors can visit websites such as Investopedia, The Balance, and Investing.com.

See Also

• Good Till Cancelled
• Immediate or Cancel
• Fill or Kill
• Market Order
• Limit Order
• Stop Order
• Stop Limit Order
• Market on Close Order
• Market on Open Order
• All or None Order

Do you like the post? Share it now: