Are there any risks associated with using a pending order on GDAX?

3 answers

• Nov 29, 2021 · 3 years ago
  Using a pending order on GDAX carries certain risks that traders should be aware of. One risk is slippage, which occurs when the execution price of the order differs from the expected price. This can happen during periods of high volatility or low liquidity. Another risk is the possibility of the order not being filled at all, especially if the price moves rapidly and the order is not placed at a competitive price. Additionally, there is the risk of technical issues or system failures on the exchange's end, which may prevent the order from being executed as intended. Traders should carefully consider these risks and take appropriate measures to mitigate them.
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• Nov 29, 2021 · 3 years ago
  Yeah, using a pending order on GDAX can be risky. You might end up getting a different price than you expected, which can be frustrating. And there's always the chance that your order won't get filled at all, especially if the market moves quickly. It's important to keep an eye on the market and adjust your order if necessary to increase the chances of it being executed. Also, make sure to have a backup plan in case there are any technical issues with the exchange.
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• Nov 29, 2021 · 3 years ago
  When it comes to using a pending order on GDAX, it's important to understand the potential risks involved. One risk is the possibility of slippage, where the execution price of your order may differ from the expected price. This can happen if the market moves quickly or if there is low liquidity. Another risk is the chance of your order not getting filled at all, especially if the price moves rapidly and your order is not competitive. It's always a good idea to monitor the market closely and adjust your order accordingly to minimize these risks. Remember, trading always carries some level of risk, so it's important to be informed and make decisions based on your own risk tolerance.
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