Trading interface guide

 

There is a lot of information on the Trading page. Please explain.

The platform UI is divided into multiple panels. Everything is designed to be a click away for critical exchange functionality.

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Instrument Panel 

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Here you can easily navigate between the various instruments offered for trading.

You can select the type of instrument in the tabs, and "star" them to save as "Watched".

Once selected, the remainder of the interface will then display information for the selected instrument.

Chart

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When you select one of the contracts, it displays the chart on the righthand side.

The panel on the left side of the chart displays the selected contract information.

You can zoom in and out of the chart using your mouse wheel or scroll by clicking on the chart and moving your mouse.

Trading View provides a lot of functionality such as indicators (e.g. Bollinger Bands), trend lines or adding additional instruments to the same chart.

Order Submission

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First, make sure you have selected the right instrument. Then enter the number of contracts you would like to buy or sell. Depending on your order type you might have to provide additional information, such as a limit price. You can auto-populate the limit price field by clicking on a price in the order book.

Whenever you change your entries, the margin information on the right of the order entry section will update. Check that your Initial Margin requirement is smaller than your Available Funds and click on buy or sell.

Order Cancellation

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If you want to cancel an order that has not yet been matched, navigate to the bottom panel and select the "Open Orders" tab. Just click the red X at the end of the row and the orders will be removed from the book.

You can also cancel all your open orders at once by clicking the red X in the tab title.

Balances Panel

You can access the wallets page here:

https://futures.kraken.com/wallets

What order types do you support?

We support market (MKT) orders, limit (LMT) orders and stop (STP) orders. You can select either type through the three buttons on the left of the order entry section.

If you use a market order, your order to buy or sell is matched immediately at the best available price. Use this order type with care as this price may be unfavourable to you. For your protection, we will not match your order at a price more than 1% above the best ask or 1% below the best bid. This means that your order may be only partially filled. The unfilled portion will then be cancelled so there is no remaining order in the book.

A limit order allows you to set the maximum/minimum price at which you buy/sell. If this price is "not good enough" to be matched with an existing order immediately, your limit order is added to the order book. We recommend using limit orders to control the worst price at which an order can be matched.

A stop order allows you to limit your losses from an open position or to add to your position if the price has moved in your direction. You have to provide two prices for a stop order, a stop price and a limit price. The stop price represents the market price that, if reached, will trigger your stop order. The limit price represents the worst price at which your order can be matched.

EXAMPLE: STOP-LOSS The current Futures price is $5,000. You have a long Futures position and want to limit your loss if the price declines. You submit a stop sell order with a stop price of $4,500 and a limit price of $4,400. If the Futures price falls to $4,500 (defined as a trade actually occurring at this price or lower), your stop sell order is triggered at a limit price of $4,400. Your Futures position will then be sold at a price of $4,400 or higher, provided there is sufficient demand.
EXAMPLE: STOP-BUY The current Futures price is $5,000. You have a long Futures position and think that if the price increases to $5,100, it will likely go all the way to $5,500. You submit a stop buy order with a stop price at $5,100 and a limit price of $5,150. If the Futures price rises to $5,100, your stop buy order is triggered at a limit price of $5,150. You will then buy additional Futures at a price of $5,150 or lower, provided there is sufficient supply.