Introduction to right-click trading: place limit and stop orders directly from the price chart

Why chart-based order placement is important

Setting limit and stop-loss orders directly on the chart makes it simple and accurate to avoid mistakes like accidentally selecting the wrong order type or buy/sell direction when manually entering order forms. By interacting directly with the chart, you can ensure that your orders accurately reflect your analysis and intentions.

Intuitive entry and exit

Right-click trading improves your ability to plan your trades by visualizing entry and exit points directly on the chart. With a simple right-click action, you can set: Sell ​​Limit or Buy Stop Loss higher than the current price Buy Limit or Sell Stop Loss Below that, you adjust your trading settings based on market analysis in real time.

Example scenario: MOON/USD

If traders believe that the MOON/USD pair is on the verge of hitting a new all-time high, they may choose to capitalize on this momentum. You can do this through strategic placement. Buy order limitr is the level of support stop buy order Slightly above the breakout price to capitalize on the expected uptrend.

For a practical demonstration of how to set up two types of orders on a chart using the new right-click feature, see the examples in the video below.

Take advantage of advanced features for informed trading

Kraken Pro’s right-click trading with limit and stop orders enhances your trading toolkit along with the ability to set price alerts directly from the charts. This integration not only simplifies the trading process, but also allows you to make quick, informed decisions, minimizing the risk of input errors and allowing you to continually adapt to market movements as they occur.

Explore a new dimension of intuitive trading with Kraken Pro and take full advantage of chart-based order placement and price alerts for an efficient and accurate trading strategy.