With low exchange costs. Can I Buy Gold On Okx … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. When participating in staking or conserving functions, it also offers remarkably high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
If you’re in an area that deals with OKX, you can create an account that provides you access to trade 343 area currencies.
likewise supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you use in addition to a third-party cryptocurrency wallet or your main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might qualify for discount rates.
One big disadvantage of is that it does not divulge fees for deposits and withdrawals. While much of is transparent, covert expense details are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check transaction information prior to continuing. You likely will not recuperate any funds if you mistakenly send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you do not typically confront with standard banking platforms. However, the very best practices for keeping your financial accounts protected are comparable. These include using strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for most consumer assets. It likewise has deals extra functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. If you have actually ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wanted to buy apecoin at this level put our stop loss down at this level meaning that if we’re wrong and it continues moving down we’re offering our position and that we wish to take revenue at this level what we wish to do is find the difference in between these values and that’s going to offer us.057 then we’re going to take the dollar amount threat we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Can I Buy Gold On Okx
difference in between the stop and the entry fine and that’s going to provide us the amount of tokens that we need to purchase in order to run the risk of just ten dollars fine if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our risk reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar amount okay so that suggests that in order to discover the capital requirement or the amount of money that we require for this trade we need to take the quantity of coins and multiply it by the entry price which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to provide us 587 dollars then we need to be able to get into this position when we’re utilizing take advantage of the only thing it’s changing is just how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that suggests now I have 10 thousand dollars to utilize all right since if we just had a hundred dollar account fine this 587 is currently 5x the size of our money value of our account which makes it difficult alright so let’s go over to buy bit here let’s state we want to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open up our leverage fine and you’re gon na get this warning that the liquidation is high all right as long as you’re measuring you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the best thing alright so now only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account alright so this take advantage of ability is changing nothing about the threat profile on the trade fine if you plan on trading anyways utilize the referral Link in the description alright each week we do a free gift where anybody trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars weekly we’re choosing three winners a week fine we’re trying to give the charges that we’re collecting from the affiliate program back into the community for you guys trading with us connect is listed below you can take a look at our Discord where we announce the winners all right before we hop into the trading system that you can use to begin taking these trades I wish to discuss the rules that I would suggest using when growing a little account okay so the very first rule is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger fine each time you double the account so when you go to 100 approximately 200 alright you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there till we scale our account up a little bit bigger the third thing and this is incredibly important is everyone has a psychological limit when it pertains to just how much cash they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the math states you’re going to begin feeling a bit psychological about the trades which’s something that you really want to prevent up until you come comfortable doing that alright so state you work your way as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can stroll that pull back to fifty dollars per trade choice that fixed quantity once you want to maintain your capital and simply select an objective per day on
the money that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that 3 to 5 thousand dollars each week so I’m using you know about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you understand a couple years from now move up to a thousand shot to make 3 to 5 thousand per trade and try to double my income alright so let’s enter the bread and butter of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai fine however what I want to do is discover an area where I have a freshly established uptrend first thing that I wish to do is identify my wave count alright so if this is our start
first pullback is two biggest waves approximately 3 pullback is 4 and then the high is five and the method we can try to find the top of 5 is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and then find my factor of one and you can see the price action sort of Consolidated right along this level if we take a Fibonacci retracement off of this level and go up to the high of one if our price action comes down through