Are you looking for the meaning of GFD in Sharekhan? If you trade in Sharekhan, you must have seen or heard GFD. Along with G F D, many more options are present in Sharekhan App, but here we will discuss ‘what is GFD in Sharekhan‘ in detail.
If said in simple words, GFD means Good For Day Order. But now you must be wondering what Good For Day Order is and how it should be used. Many broker are using GTD term for it. So if you see GTD in trading, don’t confuse with it. GTD full form is Good till day and that is same as Good for day.
What is GFD?
The full form of GFD is Good For Day, and its validity is till the end of the day. For example, if you place an order set on Good For Day on an auspicious day, your order will remain in the market until trading is done. And if you do not close this order, then your broker will automatically close this GFD order. Your order will be auto-placed when you set a price in G F D, if that price available on that day.
The trader uses the Good For Day order to take advantage of daily trading fluctuations quickly.
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We can also understand G F D in such a way that it is a type of order in Sharekhan with a validity of 1 day. When you place a GFD order in Sharekhan, if that share is unavailable on your price all day, the order will be automatically closed when the trading ends. Otherwise, you can close it manually.
How to order GFD in Sharekhan?
You can choose two options to order GFD in Sharekhan. First, you can order Good For Day using Sharekhan Trading Tiger Mobile App; in the second option, you can log in to your ID using your computer or Laptop and order G F D.
Sharekhan GSD Order – Sharekhan App
- Login with Sharekhan account ID and Password
- Scroll down the dashboard page
- Click on Trade/Quote
- A pop will be received on the new page where you must select the Buy or Sell option.
- Enter your Trading Password
- Select Exchange
- Select Order Type
- Select quantity and trigger price etc.
- Set GFD in Validity and Place Order.
After this, your Good For Day Order Place will be done, but if you want to do G F D Order Place using Laptop or Desktop, you can follow the steps below. If you do not have a laptop or desktop, you can place the G F D order using your mobile browser by following the steps below.
Sharekhan GFD Order – Website
- Visit Sharekhan’s website
- Login with a User ID and Password
- Click on Trade Now in the Dashboard
- Select Exchange, Quantity etc.
- Select GFD in Validity
- Click on Place Order
- Enter your Trading Password
After this, your Good For Day Order will be placed through the Sharekhan website; you can place a Good For Day Order from Mobile, Laptop, Desktop etc., in this way.
Benefits of GFD
- You can earn money in less time than Good For Day orders.
- If the purchase is not valid at your price, it will be canceled automatically.
- Remains active till evening time of trading.
Disadvantages of GFD
- The order will be automatically placed at the buy or sell price you set, which can result in losses if the market is highly volatile.
- Doesn’t execute or cancel immediately like IOC.
FAQs
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Validity of GFD Order?
The validity of the GFD order is only for 1 day till the stock Market closing. Even if you place a Good For Day order in the morning, it will be automatically executed or canceled till stock market closing time.
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What is the full form of GFD?
The full form of GFD is Good For Day.
Conclusion
GTD and G F D are the same things, and we can use this validity in trading, which is valid till the same day. If the price is available as you set in the order, your order will be executed automatically. In case the price is not available to sell or buy, your order will be canceled on the same day when the market is closed.
This type of order is placed to get more benefits by traders with marketing up and downs. This method can help you to earn more money with stock trading. But some disadvantages are also there, so be careful when you are trading in the stock Market. But, overall, this method of trading is helpful to earn quick money by trading in the stock.
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