With low exchange charges. Order Price Okx … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. It also uses exceptionally high yields in many cases when participating in staking or saving features.
was founded in 2017 and preserves a headquarters in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
If you remain in a location that works with OKX, you can develop an account that gives you access to trade 343 spot currencies.
likewise supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. might 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 inadequate space to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might qualify for discounts.
One huge drawback of is that it does not reveal costs for deposits and withdrawals. While much of is transparent, hidden expense details are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check transaction information before proceeding. You likely will not recover any funds if you inadvertently send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t usually confront with standard banking platforms. The best practices for keeping your financial accounts safe and secure are comparable. These include using strong passwords unique to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for the majority of client possessions. It also has deals extra features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. You will discover a familiar experience at OKX if you’ve 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 and that we wish to take revenue at this level what we want to do is discover the difference in between these values and that’s going to provide 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 Order Price Okx
difference in between the entry and the stop alright which’s going to offer us the quantity of tokens that we need to buy in order to run the risk of only 10 dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you need to have actually that set dollar amount alright so that implies that in order to find the capital requirement or the quantity of money that we require for this trade we need to take the amount 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 increased by 3.35 and that’s going to offer us 587 dollars then we need to be able to get into this position when we’re utilizing leverage the only thing it’s changing is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that indicates now I have 10 thousand dollars to utilize all right due to the fact that if we just had a hundred dollar account okay this 587 is already 5x the size of our cash value of our account that makes it difficult fine so let’s go over to buy bit here let’s state we wish 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 enjoy what takes place when we open our utilize alright and you’re gon na get this caution that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the right thing fine 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 leverage ability is changing absolutely nothing about the risk profile on the trade alright if you intend on trading anyways utilize the recommendation Link in the description okay each week we do a free gift where anybody trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars each week we’re picking three winners a week all right we’re trying to offer the fees 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 all right 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 using when growing a small account all right so the very first guideline is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk alright each time you double the account so when you go to 100 approximately 200 fine you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there until we scale our account up a bit larger the 3rd thing and this is extremely essential is everybody has a mental threshold when it comes to just how much cash they’re comfortable risking 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 mathematics states you’re going to begin feeling a bit psychological about the trades which’s something that you truly want to avoid up until you come comfortable doing that fine so state you work your method approximately 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can stroll that back down to fifty dollars per trade pick that fixed amount as soon as you wish to protect your capital and just choose a goal daily on
the cash that you wish to make as soon as you get up to a comfortable limit where it’s fitting your income goals so for me personally you know I like to make 3 that three to 5 thousand dollars per week so I’m utilizing you learn 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 move up to a thousand shot to make 3 to five thousand per trade and try to double my income alright so let’s get into the support 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 reveal you one of the setups that I had on xrp when I was actually in Dubai all right but what I want to do is find a location where I have actually a recently established uptrend first thing that I wish to do is identify my wave count fine so if this is our beginning
first pullback is two largest waves approximately three pullback is four and after that the high is 5 and the method we can look for the top of five is by using 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 find my aspect 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 increase to the high of one if our price action comes down through