Trading - Advanced Order Types with Coinbase

with deeplizard.

#4 Limit orders as takers | Trading on Coinbase Pro - GDAX

December 3, 2017 by


In this video, we are going to keep talking about order types and parameters. We looked at market orders in the previous video and saw how they behave when submitted. A total of 2 configurations exist for market orders and and both of them execute as takers. Since market orders have no specified price, there is now way for them to join the order book. When the matching engine receives an incoming market order, the engine matches it with existing orders on the book. Limit orders equip us with a limit price parameter that we can use to create an order that will join the book as a maker. To actually join the book as a maker, limit orders are required. However, limit orders do not guarantee that we will be a maker. We call this condition necessary but not sufficient. To be a maker, it is necessary to be a limit order, but it is not sufficient. Follow deeplizard: YouTube: Twitter: Facebook: Steemit: Instagram: Support deeplizard on Patreon: Support deeplizard with crypto: Bitcoin: 1AFgm3fLTiG5pNPgnfkKdsktgxLCMYpxCN Litecoin: LTZ2AUGpDmFm85y89PFFvVR5QmfX6Rfzg3 Ether: 0x9105cd0ecbc921ad19f6d5f9dd249735da8269ef Recommended books on trading: --Beginner-- Real Money: --Intermediate-- The Daily Trading Coach: --Advanced-- The Black Swan: Antifragile: Skin in the Game: Coinbase sign up (You get $10 in BTC & we get $10 in BTC): GDAX playlist: Crypto hardware wallets: Ledger Nano S: Trezor: