With low exchange charges. Okx Scalping Bot … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. When getting involved in staking or saving features, it also uses incredibly high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance issues.
If you’re in a location that works with OKX, you can produce an account that gives you access to trade 343 spot currencies.
Supports margin loaning, earning cryptocurrency through staking and cost 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various rates tiers that vary based on trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may get approved for discounts. Alternatives, futures, and swaps have their own rate schedules with differing charges.
One big disadvantage of is that it does not divulge charges for deposits and withdrawals. While much of is transparent, concealed cost information are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check transaction information before proceeding. You likely will not recuperate any funds if you accidentally send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you do not typically confront with standard banking platforms. The finest practices for keeping your financial accounts safe are similar. These consist of utilizing strong passwords distinct to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for many consumer assets. It likewise has offers additional 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 outside of the United States. If you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wished to purchase apecoin at this level put our stop loss down at this level significance that if we’re wrong and it continues moving down we’re selling our position which we wish to take profit at this level what we want to do is discover the difference between these values which’s going to give us.057 then we’re going to take the dollar amount danger we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Scalping Bot
distinction between the stop and the entry fine which’s going to offer us the quantity of tokens that we need to purchase in order to run the risk of just ten dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to call in our danger benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you need to have actually that set dollar amount okay so that implies that in order to find the capital requirement or the amount of money that we require for this trade we need to take the amount of coins and multiply it by the entry rate which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to provide us 587 dollars then we need to be able to get into this position when we’re using utilize the only thing it’s changing is how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that implies now I have ten thousand dollars to utilize all right since if we only had a hundred dollar account alright this 587 is currently 5x the size of our cash value of our account which makes it impossible alright so let’s visit buy bit here let’s say we want to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open up our take advantage of alright and you’re gon na get this warning that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing alright so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account all right so this take advantage of ability is changing nothing about the risk profile on the trade okay if you intend on trading anyways utilize the recommendation Link in the description fine every week we do a giveaway where anybody trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars weekly we’re selecting 3 winners a week fine we’re trying to provide the charges that we’re gathering from the affiliate program back into the neighborhood for you people trading with us connect is listed below you can have a look at our Discord where we announce the winners alright before we hop into the trading system that you can use to begin taking these trades I want to go over the rules that I would advise using when growing a little account okay so the first rule is start with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat alright each time you double the account so when you go to 100 as much as 200 fine you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and use that there till we scale our account up a bit bigger the third thing and this is extremely crucial is everyone has a psychological limit 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 three sell a row I don’t care who you are or what the math says you’re going to start feeling a bit emotional about the trades which’s something that you actually wish to prevent till you come comfortable doing that okay so state you work your method approximately 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can stroll that pull back to fifty dollars per trade pick that fixed amount once you wish to preserve your capital and just select a goal per day on
the money that you wish to make when you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you understand I like to make three that 3 to five thousand dollars per week so I’m utilizing you understand 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 move up to a thousand shot to make three to 5 thousand per trade and attempt to double my income all right so let’s get into the bread and butter of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was in fact in Dubai all right however what I wish to do is find a location where I have a newly developed uptrend first thing that I want to do is determine my wave count alright so if this is our beginning
first pullback is two largest waves as much as three pullback is 4 and then the high is 5 and the way we can look for the top of 5 is by using a Fibonacci forecast 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 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 rate action boils down through