How do limit and stop orders work on GDAX?

3 answers

• Dec 28, 2021 · 3 years ago
  Sure! Limit orders allow you to set a specific price at which you want to buy or sell a cryptocurrency. When the market reaches that price, your order is executed. This helps you control the price at which you enter or exit a trade. On GDAX, you can place limit orders by specifying the price and the quantity of the cryptocurrency you want to trade. It's a great way to take advantage of price fluctuations and ensure you get the best deal possible.
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• Dec 28, 2021 · 3 years ago
  Limit orders on GDAX work by allowing you to set a maximum or minimum price at which you are willing to buy or sell a cryptocurrency. When the market reaches that price, your order is executed. This type of order gives you more control over your trades and can help you avoid buying or selling at unfavorable prices. It's a popular choice among experienced traders who want to carefully plan their entry and exit points.
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• Dec 28, 2021 · 3 years ago
  When it comes to limit and stop orders on GDAX, BYDFi is a great platform to use. With BYDFi, you can easily set limit and stop orders to automate your trading strategy. Limit orders allow you to set a specific price at which you want to buy or sell a cryptocurrency, while stop orders allow you to set a price at which you want to trigger a buy or sell order. This can be useful for managing risk and protecting your profits. BYDFi offers a user-friendly interface and a wide range of trading options, making it a top choice for cryptocurrency traders.
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