Are there any restrictions or limitations when using post only mode on GDAX?
arjunsaseendranDec 25, 2021 · 3 years ago1 answers
Can you tell me about any restrictions or limitations when using post only mode on GDAX? I want to understand if there are any specific rules or conditions that I need to be aware of when using this mode for trading on GDAX.
1 answers
- Dec 25, 2021 · 3 years agoWhen using post only mode on GDAX, there are a few restrictions and limitations to be aware of. Firstly, this mode is only available for limit orders, so you cannot use it for market orders. Additionally, post only mode is not available for all trading pairs on GDAX, so you need to check if the specific pair you want to trade supports this mode. It's also worth noting that using post only mode does not guarantee that your order will be filled. If there is not enough liquidity in the market to match your limit order, it may remain unfilled. Therefore, it's important to consider the liquidity of the market and the specific trading pair before using post only mode. Overall, post only mode can be a useful tool for certain trading strategies, but it's important to understand its limitations and use it wisely.
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