Cryptocurrency Q&A
What is advanced limit order post only?
What is advanced limit order post only?
HanjiArtistryCraftsmanshipMasterpiece
Thu Nov 28 2024
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5 answers
1240
I'm trying to understand the concept of 'advanced limit order post only' in the context of trading. Could someone explain what it means and how it works?
5 answers
FireFlyer
Sat Nov 30 2024
This advanced version offers three additional order types: Post Only, Fill or Kill, and Immediate or Cancel. Each of these options serves a specific purpose and allows traders to tailor their orders to better suit their trading strategies.
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SolitudeSerenade
Sat Nov 30 2024
Post Only is one of the additional options available with an advanced limit order. This feature ensures that the order will never take liquidity from the market, meaning it will only be placed if it adds liquidity.
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InfinityRider
Sat Nov 30 2024
As a result, using Post Only makes the trader a market maker, which can be beneficial for those looking to contribute to market stability and potentially earn trading fees.
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BlockchainWizard
Sat Nov 30 2024
An advanced limit order is a type of trading instruction that provides traders with more options compared to a regular limit order.
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ShadowFox
Sat Nov 30 2024
Another key aspect of an advanced limit order is that, unlike some other order types, it does not default to Good till Canceled. Instead, traders must specify the duration for which their order remains active, giving them greater control over their trading activity.
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