Topic: Help trading on Kraken (Read 409 times)
I am using Kraken to trade on, but I do all my trades manually. For example ; If you have a stop loss order placed at $5 for a certain amount of coins, then you know exactly what amount will be available in your account when it gets triggered. You will need to manually set a buy order after that at $4 with the amount you got when you sold at $5. Or you need to work with a bigger balance so you can have a sell order and a buy order waiting.
I'm new to trading, what I want to do is place what I suppose needs to be a Stop Loss Buy Order. I'm doing this on Kraken.
For example, current ETH price is 5.30 USD.
When price goes down to, let's say, 4.0 USD, I want to buy ETH with whatever the total amount of USD is in my account. But I don't know what will be the USD amount available in my account because I also have a sell order @ 5 USD(market price), so I can't predict how much USD I will get.
How do I place this order? Do I just put a big USD amount and the order will get executed and the amount that is not sufficient will be ignored?
For example, current ETH price is 5.30 USD.
When price goes down to, let's say, 4.0 USD, I want to buy ETH with whatever the total amount of USD is in my account. But I don't know what will be the USD amount available in my account because I also have a sell order @ 5 USD(market price), so I can't predict how much USD I will get.
How do I place this order? Do I just put a big USD amount and the order will get executed and the amount that is not sufficient will be ignored?
I am not aware of Kraken dude. better try to be as trader in localbitcoins.com It very easy to work on it. easily you can do the trade and According to your trust and feedback you will get a better trade at there.
escrow is also there So safety is also there
I'm new to trading, what I want to do is place what I suppose needs to be a Stop Loss Buy Order. I'm doing this on Kraken.
For example, current ETH price is 5.30 USD.
When price goes down to, let's say, 4.0 USD, I want to buy ETH with whatever the total amount of USD is in my account. But I don't know what will be the USD amount available in my account because I also have a sell order @ 5 USD(market price), so I can't predict how much USD I will get.
How do I place this order? Do I just put a big USD amount and the order will get executed and the amount that is not sufficient will be ignored?
For example, current ETH price is 5.30 USD.
When price goes down to, let's say, 4.0 USD, I want to buy ETH with whatever the total amount of USD is in my account. But I don't know what will be the USD amount available in my account because I also have a sell order @ 5 USD(market price), so I can't predict how much USD I will get.
How do I place this order? Do I just put a big USD amount and the order will get executed and the amount that is not sufficient will be ignored?
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