With low exchange costs. Okx Football Cup … With an account at, you can quickly purchase crypto utilizing a card, bank account, or mobile wallet. When getting involved in staking or conserving features, it likewise offers extremely 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 on the planet by volume.
The site declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance concerns.
You can develop an account that provides you access to trade 343 spot currencies if you’re in an area that works with OKX.
Supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might 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 not enough space to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that vary based upon trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might receive discount rates. Swaps, futures, and alternatives have their own rate schedules with varying fees.
One big disadvantage of is that it does not reveal costs for deposits and withdrawals. While much of is transparent, concealed expense details are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check transaction details before proceeding. You likely will not recover 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. The finest practices for keeping your monetary accounts safe are similar. These include using 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, consisting of freezer for the majority of consumer possessions. It likewise has offers additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. If you’ve ever signed up 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 profit at this level what we wish to do is discover the difference between these worths which’s going to offer us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Football Cup
difference in between the entry and the stop all right and that’s going to offer us the amount of tokens that we need to buy in order to run the risk of just 10 dollars all right if we’re just going in with 250 coins or a thousand coins we’re never going to be able to dial in our risk benefit and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have actually that set dollar quantity all right so that indicates that in order to find the capital requirement or the amount of cash that we need for this trade we need to take the quantity of coins and multiply it by the entry cost 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 offer us 587 dollars then we need to be able to get into this position when we’re using take advantage of the only thing it’s altering is how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that means now I have 10 thousand dollars to utilize okay due to the fact that if we only had a hundred dollar account okay this 587 is already 5x the size of our cash worth of our account that makes it difficult alright so let’s go over to purchase bit here let’s state we wish to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what takes place when we open up our utilize okay and you’re gon na get this warning that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the right thing all right so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account fine so this utilize ability is changing absolutely nothing about the risk profile on the trade alright if you plan on trading anyways use the recommendation Link in the description okay weekly we do a free gift where anybody trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars per week we’re picking 3 winners a week all right we’re attempting to provide the charges that we’re gathering from the affiliate program back into the community for you people trading with us connect is below you can have a look at our Discord where we announce the winners all right before we hop into the trading system that you can use to start taking these trades I wish to review the rules that I would advise using when growing a small account all right so the first rule is begin with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account use that ten dollar risk alright each time you double the account so when you go to 100 approximately 200 fine you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there until we scale our account up a bit bigger the 3rd thing and this is incredibly essential is everyone has a mental threshold when it comes to just how much money 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 start feeling a little bit psychological about the trades and that’s something that you actually wish to prevent until you come comfy doing that alright so say you work your method as much as 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can stroll that pull back to fifty dollars per trade pick that fixed quantity as soon as you wish to protect your capital and just select an objective each day on
the money that you wish to make once you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that 3 to five thousand dollars each week so I’m using you learn 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 know a couple years from now move up to a thousand try to make three to 5 thousand per trade and attempt to double my earnings alright so let’s enter into 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 absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was really in Dubai alright but what I wish to do is find an area where I have a freshly established uptrend first thing that I want to do is recognize my wave count alright so if this is our beginning
first pullback is two biggest waves approximately 3 pullback is 4 and after that the high is 5 and the way we can look for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and then find my aspect 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 go up to the high of one if our cost action boils down through