How can I use a stop order on GDAX to manage my cryptocurrency trades?

1 answers

• Prabhashini WeerasingheOct 08, 2020 · 5 years ago
  Of course! Here's a step-by-step guide on how to use a stop order on GDAX to manage your cryptocurrency trades: 1. Log in to your GDAX account and go to the trading page. 2. Select the cryptocurrency pair you want to trade. 3. Click on the 'Stop' tab to access the stop order options. 4. Choose between a 'Stop Market' or 'Stop Limit' order. 5. Set the stop price, which is the price at which your order will be triggered. 6. Enter the quantity of cryptocurrency you want to buy or sell. 7. Review your order details and click 'Place Order' to submit your stop order. Using a stop order can help you manage your trades more effectively by automatically executing them when the market reaches a certain price. It's a valuable tool for risk management and can help protect your investments. I hope this helps! If you have any more questions, feel free to ask.
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