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

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. 🕒🦎 VIDEO SECTIONS 🦎🕒 00:00 Welcome to DEEPLIZARD - Go to deeplizard.com for learning resources 00:30 Help deeplizard add video timestamps - See example in the description 10:42 Collective Intelligence and the DEEPLIZARD HIVEMIND 💥🦎 DEEPLIZARD COMMUNITY RESOURCES 🦎💥 👋 Hey, we're Chris and Mandy, the creators of deeplizard! 👉 Check out the website for more learning material: 🔗 https://deeplizard.com 💻 ENROLL TO GET DOWNLOAD ACCESS TO CODE FILES 🔗 https://deeplizard.com/resources 🧠 Support collective intelligence, join the deeplizard hivemind: 🔗 https://deeplizard.com/hivemind 🧠 Use code DEEPLIZARD at checkout to receive 15% off your first Neurohacker order 👉 Use your receipt from Neurohacker to get a discount on deeplizard courses 🔗 https://neurohacker.com/shop?rfsn=648... 👀 CHECK OUT OUR VLOG: 🔗    / deeplizardvlog   ❤️🦎 Special thanks to the following polymaths of the deeplizard hivemind: Tammy Mano Prime Ling Li 🚀 Boost collective intelligence by sharing this video on social media! 👀 Follow deeplizard: Our vlog:    / deeplizardvlog   Facebook:   / deeplizard   Instagram:   / deeplizard   Twitter:   / deeplizard   Patreon:   / deeplizard   YouTube:    / deeplizard   🎓 Deep Learning with deeplizard: Deep Learning Dictionary - https://deeplizard.com/course/ddcpailzrd Deep Learning Fundamentals - https://deeplizard.com/course/dlcpailzrd Learn TensorFlow - https://deeplizard.com/course/tfcpailzrd Learn PyTorch - https://deeplizard.com/course/ptcpailzrd Natural Language Processing - https://deeplizard.com/course/txtcpai... Reinforcement Learning - https://deeplizard.com/course/rlcpailzrd Generative Adversarial Networks - https://deeplizard.com/course/gacpailzrd 🎓 Other Courses: DL Fundamentals Classic - https://deeplizard.com/learn/video/gZ... Deep Learning Deployment - https://deeplizard.com/learn/video/SI... Data Science - https://deeplizard.com/learn/video/d1... Trading - https://deeplizard.com/learn/video/Zp... 🛒 Check out products deeplizard recommends on Amazon: 🔗 https://amazon.com/shop/deeplizard 🎵 deeplizard uses music by Kevin MacLeod 🔗    / @incompetech_kmac   ❤️ Please use the knowledge gained from deeplizard content for good, not evil.