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. GFD means “Good For Day”. That means that your order will remain in effect today until it is either completed, you manually exit it, or the day ends. If the market conditions don’t trigger the order today then it will automatically abort and the end of the day. 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 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. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act.
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