Welcome to Crypto2Go!

I am Rob and today I want to introduce you to different kinds of Trading on the Kraken Exchange and introduce you to the special feature of Margin Trading!

As Always you will have the opportunity to watch the ONE-MINUTE Video Version or read the Article below. 😊

Kraken was the Exchange I have started with and followed for nearly two years. It has been an adventure to try all kinds of different Trading tools on this secure platform.

A very special design of the Platform makes it easy for beginners and advanced traders to navigate through the different Trading possibilities very easily.

Here you can see the menu, which makes it possible to adapt the Trading to your personal Skillset:

The Simple Trading Tool is perfect for beginners as this overview is easy to understand and secure for newcomers to avoid big mistakes, which can end up in additional fee’s.

If you click on the “Intermediate” button you will be navigated to a more specialized overview, which also includes the opportunity of using a “Leverage”. This is the most powerful and dangerous tool for Traders out there! What it makes is: If you have $1000 Dollar in your Kraken Account and you are going to select a leverage of 5 – you will be able to place an order which contains a value of $5000 Dollars. This allows you to leverage your profit in loss.

Example: If you are going to place an order of Bitcoin for $1000 with a leverage of 5 and Bitcoin will increase its value by 10% you will earn $500 (10% on $5000 = $500). So if you close this order you will have $1,500 in your Kraken Account.

But be careful! It works the other way around as well: If Bitcoin decreases by 10% while you are using a leverage of 5 on $1000 you will loose $500. So your Kraken Account will shrink down to $500.

Another trading Opportunity Kraken has to offer is the “Limit-Order”, which allows its users to Buy or Sell a Cryptocurrency at an individual price. This can be very comfortable as you do not have to check the current price always to get your entry or exit point.

Example: If the Price of Bitcoin is at $5,000 and you want to buy it at a discounted value of $4,500 (because you believe that the price will go down). Then you must set a limit buy order at $4,500 with the number of Bitcoins you want to purchase and as soon Bitcoin is hitting the 4,500$ you will get your Coins!

But be aware: If Bitcoin never goes down to this point your order will never take place and you might have missed the opportunity to enter the market.

The same works with selling a coin with a limit order: If Bitcoin trades for $5,000 and you want to sell your Coin for let’s say $5,500. Then you must create a limit order for $5,500 and wait until this price is reached by the market.

Coming now to the professional Trading Opportunity Kraken has to offer: The Technical analysis. I must admit that I am not experienced with this tool and just want to show you that there is the availability of it on the Kraken Platform.

So if you are looking for an exchange which supports your professional trading needs or leaves you space to improve your qualities: Kraken should be a great Choice as well! 😉

If this was inspiring to try a new style of Trading please share the video! Thanks a lot for your attention and Don’t forget to hit the Follow Button of Crypto2Go!

CRYPTO 101 – HOW TO GET STARTED

✨ What Do We Need Crypto For?: DAILY BENEFITS OF CRYPTOCURRENCIES

📲 Stay Updated On The Go!: USEFUL CRYPTO PHONE APPLICATIONS

❅ Safe Crypto Storage: COLD WALLET

🔥 How to pay fast with Cryptos: HOT WALLET

🚀 Exchange for Beginners: Coinbase Review

🚀 Exchange with more than 200 Coins: Binance Review

🚀 Exchange with Margin trading: Kraken Review

📰 Keep yourself updated: Crypto News Pages

💻 Look for different Crypto Projects: Coin Research

Follow my Daily Crypto Updates on the Go:

DTube

Instagram

Telegram