Are there any tips or tricks for setting limit orders on Coinbase Pro?

5 answers

• IDCOVERING - Covering - MarquaSep 25, 2020 · 5 years ago
  Setting limit orders on Coinbase Pro can be a powerful tool for traders. One tip is to carefully analyze the market and set your limit order price based on support and resistance levels. This can help you buy at a lower price or sell at a higher price. Additionally, it's important to consider the order book and the liquidity of the market before setting your limit order. This can help you avoid slippage and ensure that your order gets filled at the desired price. Remember to also set a realistic quantity for your order based on your trading strategy and risk tolerance.
  575

  288
• Marc LApr 29, 2021 · 4 years ago
  When setting limit orders on Coinbase Pro, it's important to be patient and not rush into placing orders. Take the time to analyze the market and identify potential entry or exit points. You can also use technical analysis indicators, such as moving averages or trend lines, to help you determine the right price for your limit order. Additionally, consider setting a stop-loss order to protect yourself from significant losses in case the market moves against your position.
  475

  159
• Nkuebe MolekoAug 06, 2020 · 5 years ago
  At BYDFi, we recommend using limit orders on Coinbase Pro to take advantage of price fluctuations. By setting a limit order, you can specify the maximum price you are willing to pay or the minimum price you are willing to sell at. This allows you to automate your trading strategy and avoid emotional decision-making. Remember to always do your own research and stay updated with the latest market news and trends before placing limit orders on Coinbase Pro or any other exchange.
  480

  120
• James HyattMay 03, 2025 · 3 months ago
  When it comes to setting limit orders on Coinbase Pro, it's important to understand the concept of bid and ask prices. The bid price represents the highest price a buyer is willing to pay, while the ask price represents the lowest price a seller is willing to accept. By setting a limit order between the bid and ask prices, you can increase the chances of your order getting filled. Additionally, consider using stop-limit orders to add an extra layer of protection to your trades.
  482

  97
• Bùi Văn GiápApr 01, 2025 · 4 months ago
  Setting limit orders on Coinbase Pro can be a great way to manage your risk and improve your trading strategy. One trick is to use the 'post only' option when placing your limit order. This ensures that your order will only be added to the order book and not executed immediately. By doing so, you can avoid paying additional fees and potentially get a better price for your trade. Remember to always monitor your orders and adjust them accordingly based on market conditions.
  476

  80