With low exchange costs. Can You Set Okx To Buy At A Certain Price … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. When taking part in staking or saving features, it also provides incredibly high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance issues.
If you remain in a location that deals with OKX, you can produce an account that gives you access to trade 343 spot currencies.
likewise supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to note them all in our OKX review. There are 343 currencies on the exchange total.
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 may certify for discounts.
One big disadvantage of is that it does not divulge costs for withdrawals and deposits. While much of is transparent, surprise cost details are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check transaction details prior to proceeding. You likely will not recuperate any funds if you unintentionally send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security concerns you do not usually face with conventional banking platforms. The best practices for keeping your monetary accounts protected are comparable. These include utilizing strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for a lot of customer assets. It also has deals additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 which we wish to take revenue at this level what we want to do is discover the difference between these worths which’s going to provide us.057 then we’re going to take the dollar quantity risk we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Can You Set Okx To Buy At A Certain Price
distinction in between the stop and the entry all right which’s going to give us the quantity of tokens that we need to buy in order to risk only 10 dollars okay if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our risk reward and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have actually that set dollar amount alright so that indicates that in order to discover the capital requirement or the amount of cash that we require for this trade we need to take the amount of coins and increase it by the entry price which is this level here all right so in this case we’re going to take 175 coins increased by 3.35 and that’s going to give us 587 dollars then we require to be able to get into this position when we’re utilizing leverage the only thing it’s changing is how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have ten thousand dollars to utilize fine because if we just had a hundred dollar account okay this 587 is already 5x the size of our money value of our account which makes it difficult fine so let’s visit buy bit here let’s say we want to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open our leverage all right and you’re gon na get this caution that the liquidation is high alright as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the best thing all right so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account all right so this utilize capability is altering nothing about the threat profile on the trade fine if you intend on trading anyways use the recommendation Link in the description alright weekly we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars per week we’re picking three winners a week okay we’re attempting to give the costs that we’re gathering from the affiliate program back into the community for you guys trading with us link is listed below you can take a look at our Discord where we announce the winners okay prior to we hop into the trading system that you can use to begin taking these trades I wish to review the rules that I would advise using when growing a little account okay so the very first rule is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger alright each time you double the account so when you go to 100 approximately 200 alright you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there up until we scale our account up a little bit bigger the 3rd thing and this is super crucial is everybody has a psychological limit when it concerns how much cash they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the mathematics says you’re going to begin feeling a bit emotional about the trades and that’s something that you actually want to avoid up until you come comfortable doing that all right so say you work your method approximately 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can walk that back down to fifty dollars per trade pick that fixed amount as soon as you want to protect your capital and simply select an objective per day on
the cash that you want to make as soon as you get up to a comfy threshold where it’s fitting your income objectives so for me personally you understand I like to make three that three to 5 thousand dollars each week so I’m using you know about 2.5 percent of my whole 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 go up to a thousand try to make three to 5 thousand per trade and attempt to double my income all right so let’s get into the support of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai okay however what I wish to do is find a location where I have a newly developed uptrend first thing that I wish to do is recognize my wave count fine so if this is our beginning
first pullback is 2 largest waves as much as 3 pullback is 4 and then the high is five and the method we can look for the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click on this link click back here and then discover my element of one and you can see the cost action sort of Consolidated right along this level if we take a Fibonacci retracement off of this level and increase to the high of one if our cost action boils down through