What are the benefits of having a standing order on Kraken?

3 answers

• lazynoaOct 12, 2020 · 5 years ago
  Using a standing order on Kraken can bring several benefits to your trading experience. Firstly, it allows you to automate your trades, saving you time and effort. With a standing order, you can set specific parameters, such as the price and quantity, and the order will execute automatically when those conditions are met. This eliminates the need for manual monitoring and execution of trades. Additionally, standing orders can help you take advantage of market opportunities by ensuring that you don't miss out on favorable price movements. Overall, using a standing order on Kraken can help streamline your trading strategy and improve efficiency.
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• Thomasen RalstonOct 10, 2023 · 2 years ago
  Standing orders on Kraken are a convenient tool for traders. By setting up a standing order, you can avoid constantly monitoring the market and manually placing orders. Instead, you can set your desired price and quantity, and the order will be executed automatically when the market reaches your specified conditions. This can be particularly useful for traders who have a specific target price in mind or want to take advantage of certain market trends. With a standing order, you can have peace of mind knowing that your trades will be executed without the need for constant supervision.
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• Anime L.VOct 05, 2022 · 3 years ago
  As a leading cryptocurrency exchange, Kraken offers a standing order feature that allows users to automate their trading activities. With a standing order, you can set specific parameters for your trades, such as the price and quantity, and the order will execute automatically when those conditions are met. This can be especially useful for traders who want to take advantage of market opportunities without constantly monitoring the market. By using a standing order on Kraken, you can save time and effort while ensuring that your trades are executed according to your desired parameters.
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