What are the options for order types when trading on GDAX?

3 answers

• gitak83Jan 28, 2024 · a year ago
  GDAX offers several order types for users to choose from when trading cryptocurrencies. These include market orders, limit orders, stop orders, and stop-limit orders. Market orders are executed immediately at the current market price, while limit orders allow users to set a specific price at which they want to buy or sell. Stop orders are used to trigger a market order once a certain price is reached, while stop-limit orders combine the features of stop and limit orders. It's important for users to understand the differences between these order types and choose the one that best suits their trading strategy.
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• Jacinta UzoechinaJun 10, 2023 · 2 years ago
  When trading on GDAX, you have a variety of order types to choose from. Market orders are the simplest and execute at the current market price. Limit orders allow you to set a specific price at which you want to buy or sell. Stop orders are used to trigger a market order once a certain price is reached. Stop-limit orders combine the features of stop and limit orders, allowing you to set both a stop price and a limit price. Each order type has its own advantages and disadvantages, so it's important to understand how they work before placing trades on GDAX.
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• marktsumiJan 06, 2024 · 2 years ago
  When it comes to order types on GDAX, there are a few options available. Market orders are the most straightforward, executing immediately at the current market price. Limit orders allow you to set a specific price at which you want to buy or sell, giving you more control over your trades. Stop orders are used to trigger a market order once a certain price is reached, helping you manage risk. Stop-limit orders combine the best of both worlds, allowing you to set a stop price and a limit price. With these different order types, GDAX provides flexibility for traders to execute their strategies effectively.
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