The GFD Full Form in the Share Market is Good for Day Order. This type of order allows clients to place both buy and sell instructions that must be executed within the same trading day. Once placed, a GFD order remains active until the end of the trading day or until it is fully executed. If the order is not completed by the end of the trading session, it is automatically canceled. This type of order is particularly advantageous for active traders who want to execute trades on a specific day.

Features of a GFD Order

GFD orders are typically limit orders, meaning their duration is confined to the trading day. Traders must ensure that their buy or sell transactions are completed within this timeframe. If the trade is not executed, the order will be canceled at the end of the trading session.

Advantages of GFD Orders

The primary benefit of Good for Day Orders is that they allow traders to set a specific price point for their trades without needing to constantly monitor the market throughout the day. This is particularly useful for intraday traders who need to manage multiple securities efficiently. By using GFD orders, traders can focus on other tasks while their orders remain active for the trading day.