With low exchange fees. Okx Mock Trading … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. It likewise provides incredibly high yields sometimes when participating in staking or saving functions.
was founded in 2017 and keeps a head office in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
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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 issues.
You can create an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
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also supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining 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 inadequate space to list them all in our OKX review. There are 343 currencies on the exchange overall.
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Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may certify for discounts.
One big drawback of is that it doesn’t reveal charges for withdrawals and deposits. While much of is transparent, hidden expense information are a red flag that might send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction information before continuing. If you unintentionally send funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security concerns you don’t usually face with traditional banking platforms. The best practices for keeping your financial accounts secure are comparable. These consist of utilizing strong passwords special to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for most client properties. 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 anyone beyond the United States. If you have actually ever registered for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wished 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 selling our position which we want to take earnings at this level what we wish to do is find the distinction between these values and that’s going to offer us.057 then we’re going to take the dollar amount threat we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Mock Trading
distinction between the stop and the entry fine which’s going to provide us the amount of tokens that we need to purchase in order to risk only 10 dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our danger benefit and you’re going to definitely screw yourself so make certain that you’re not doing that you require to have actually that set dollar quantity fine so that suggests that in order to discover the capital requirement or the amount of money that we require for this trade we have 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 offer 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 how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that means now I have 10 thousand dollars to use okay because if we only had a hundred dollar account alright this 587 is already 5x the size of our cash worth of our account that makes it impossible alright so let’s visit purchase bit here let’s say 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 view what takes place when we open our take advantage of alright and you’re gon na get this warning 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 right thing alright so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account all right so this leverage capability is changing absolutely nothing about the danger profile on the trade okay if you intend on trading anyways utilize the recommendation Link in the description okay weekly we do a free gift where anyone trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars each week we’re choosing three winners a week okay we’re attempting to offer the charges that we’re collecting from the affiliate program back into the community for you people trading with us link is 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 utilize to begin taking these trades I wish to review the guidelines that I would recommend utilizing when growing a small account all right so the first rule is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar threat fine each time you double the account so when you go to 100 as much as 200 all right you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there up until we scale our account up a bit bigger the third thing and this is super essential is everybody has a psychological limit when it pertains to just how much cash they’re comfortable risking if I’m looking 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 emotional about the trades which’s something that you truly wish to avoid till you come comfortable doing that alright so say 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 and that’s excessive for you fine you can stroll that back down to fifty dollars per trade choice that repaired amount when you want to preserve your capital and simply choose an objective per day on
the cash that you wish to make when you get up to a comfortable limit where it’s fitting your income goals so for me personally you understand I like to make 3 that three to 5 thousand dollars per 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 then I’ll increase it you know a couple years from now go up to a thousand try to make three to five thousand per trade and attempt to double my earnings fine so let’s enter into the support of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai fine but what I want to do is discover a location where I have a newly established uptrend first thing that I want to do is determine my wave count all right so if this is our beginning
first pullback is 2 largest waves up to three pullback is four and then the high is 5 and the way 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 worth I’m gon na click on this link click back here and then discover my element of one and you can see the rate 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