Trading - Advanced Order Types with Coinbase

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#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. 💥🦎 DEEPLIZARD COMMUNITY RESOURCES 🦎💥 👀 OUR VLOG: 🔗 👉 Check out the blog post and other resources for this video: 🔗 💻 DOWNLOAD ACCESS TO CODE FILES 🤖 Available for members of the deeplizard hivemind: 🔗 🧠 Support collective intelligence, join the deeplizard hivemind: 🔗 🤜 Support collective intelligence, create a quiz question for this video: 🔗 🚀 Boost collective intelligence by sharing this video on social media! ❤️🦎 Special thanks to the following polymaths of the deeplizard hivemind: yasser Prash 👀 Follow deeplizard: Our vlog: Twitter: Facebook: Patreon: YouTube: Instagram: 🎓 Other deeplizard courses: Reinforcement Learning - NN Programming - DL Fundamentals - Keras - TensorFlow.js - Data Science - Trading - 🛒 Check out products deeplizard recommends on Amazon: 🔗 📕 Get a FREE 30-day Audible trial and 2 FREE audio books using deeplizard’s link: 🔗 🎵 deeplizard uses music by Kevin MacLeod 🔗 🔗 ❤️ Please use the knowledge gained from deeplizard content for good, not evil.