I am new to trading crypto and I am trying to learn how to use the risk management features of Kraken Pro to protect my capital. Can someone help me understand how I can leverage Kraken Pro's risk management features to minimize my losses and protect my capital?
I'm aware that Kraken Pro offers Stop Loss, Take Profit, and Trailing Stop Loss orders, but I'm still having trouble understanding how they work and how I can use them to protect my capital. I understand that they are meant to limit losses and protect profits, but I'm still not sure how to go about setting them up and using them.
I would really appreciate it if someone who has experience in using Kraken Pro's risk management features could help me understand how to set them up and use them to protect my capital. Any advice would be greatly appreciated.
I'm aware that Kraken Pro offers Stop Loss, Take Profit, and Trailing Stop Loss orders, but I'm still having trouble understanding how they work and how I can use them to protect my capital. I understand that they are meant to limit losses and protect profits, but I'm still not sure how to go about setting them up and using them.
I would really appreciate it if someone who has experience in using Kraken Pro's risk management features could help me understand how to set them up and use them to protect my capital. Any advice would be greatly appreciated.