In this video, we will show you step-by-step and beginner friendly how to trade crypto incl. stablecoins at Kraken (Pro), both for Spot Trading (we buy Bitcoin as example with USD) and Futures Trading. We will show you live examples of long and short sell trades to follow, with Market Orders (taker) and Limit Orders (maker) and leverage adjustment. We will showcase both a coin-m (coin margined) and usd-m (usd margined) Futures trade. Moreover, we present how to set a Take Profit and Stop Loss at Kraken and showcase how to find your transaction history to reconcile all your trades, profits, losses, and fees.
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Video references:
How to transfer crypto from Kraken: https://youtu.be/nulPgsVoAYA
Understanding Fee effects: https://youtu.be/GfPMb-FeYB0
Kraken Trading Fees Review: https://youtu.be/UMF5MCi5Vyc
#Kraken #KrakenPro #cryptotrading #spottrading #futurestrading
00:00 Introduction & outline
01:20 Spot trade market order
04:35 Futures (usd-m) limit order long
07:00 Adjust Leverage
07:55 Set Take Profit and Stop Loss
11:50 Futures (coin-m) short sell trade
14:55 Reconcile trades through Trading History
This video will show you all the skills necessary to trade crypto. We perform an example trade showing you how to buy Bitcoin with a Spot order, so swapping your USD token to Bitcoin. Spot orders are a simple exchange of two tokens and can be performed either through a market or a limit order. In a market order, your trade will be executed with the best available price, while in a limit order you have to specific a quantity and price you would be willing to trade for. Only if someone else is willing to trade with you at that price, your trade will be executed. In spot trading, you cannot go long or short, just simply buy or sell a token for another token.
If you want to go long or short on a trade and also use leverage, you need to trade Futures, and we will also show you in this video how to do this. We perform an example usd-margined Futures trade with a limit order going long. Moreover, you can adjust your leverage in Futures trades, which decides how much collateral you will need for this trade to be executed. Once you do not have any collateral anymore, your trade will be automatically liquidated. Using leverage can be risky, as not only your profits are leveraged, but also your lossed are. The order types for futures trades are the same as in spot trading, both market and Limit orders exist. For Futures trades, you can also set a Take Profit and Stop Loss for your trade, which is very important in trading. We show you both how to set a Take Profit and Stop Loss both before entering the trade, or adding them to an existing trade.
As always when dealing with cryptocurrencies and trading, please make sure to do your own research and take the required time to process and execute. The information in this video may be outdated.
DISCLAIMER: The information provided through the videos or in any other form (e.g. written on website) are no financial advise. We are not a professional advisor in business areas involving finance, cryptocurrency, Forex, taxation, securities and commodities trading, or the practice of law. The information and content written, broadcasted, and/or disseminated by and through Dr.fee and hoc-trade is intended FOR GENERAL INFORMATION PURPOSES ONLY. Nothing written or discussed is intended to be construed, or relied upon, as investment, financial, legal, regulatory, accounting, tax or similar advice, nor should it be. All content expressed by any means through any channel of dr-fee and hoc-trade is premised upon subjective opinions and possibly incomplete and outdated information. We cannot be held liable for any form of loss based on your actions.
HIGH RISK WARNING: Foreign exchange, cryptocurrencies, and other CFD trading carries a high level of risk and may not be suitable for everyone. The usage of leverage creates additional risk and loss exposure. Your investment objectives, experience level and risk tolerance have to be taken into consideration before you decide to trade foreign exchange, cryptocurrencies, or other CFD products. You could lose some or all of your entire investment. Do not invest money that you cannot afford to lose and always use an appropriate risk management. It’s important to educate yourself on the risks associated with foreign exchange trading, and seek professional advice from an independent financial or tax advisor in case of any questions. Any data and information is provided ‘as is’ solely for informational purposes, and is not intended for trading purposes or advice. Past performance, including fees, which are presented on this website or you find somewhere else, is not indicative of future results.
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