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What are the different types of limit and stop orders on GDAX?

avatarabcNov 24, 2021 · 3 years ago1 answers

Can you explain the different types of limit and stop orders available on GDAX? I'm new to trading and would like to understand how these orders work and when to use them.

What are the different types of limit and stop orders on GDAX?
GDAX
Limit Orders
Stop Orders

1 answers

  • avatarNov 24, 2021 · 3 years ago
    BYDFi offers a variety of limit and stop orders on GDAX. Limit orders allow you to set a specific price at which you want to buy or sell a cryptocurrency, while stop orders are used to limit potential losses or protect profits. When the market reaches your specified price, the order is executed. This gives you more control over your trades and helps you manage your risk. It's important to understand how these orders work and when to use them to make informed trading decisions on GDAX.

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