With low exchange charges. Trades On Okx … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. It also provides incredibly high yields in many cases when participating in staking or saving features.
was founded in 2017 and maintains a head office in Seychelles, with additional offices worldwide. 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 nations. They do not take users from the United States due to regulatory and compliance concerns.
If you’re in a location that works with OKX, you can develop an account that provides you access to trade 343 area currencies.
Supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you utilize 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 inadequate 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 prices 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 might qualify for discount rates. Futures, options, and swaps have their own rate schedules with varying charges.
One big disadvantage of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, covert expense information are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction details before continuing. You likely won’t recover any funds if you accidentally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t generally face with standard banking platforms. The best practices for keeping your financial accounts protected are similar. These include utilizing 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, consisting of freezer for a lot of client possessions. It likewise has deals additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 revenue at this level what we want to do is find the distinction between these values which’s going to offer us.057 then we’re going to take the dollar amount danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Trades On Okx
distinction between the entry and the stop okay and that’s going to give us the amount of tokens that we require to purchase in order to run the risk of only ten dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to dial in our danger reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have that set dollar quantity fine so that indicates 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 fine so in this case we’re going to take 175 coins increased by 3.35 and that’s going to provide us 587 dollars then we require to be able to get into this position when we’re utilizing utilize the only thing it’s altering is just how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that means now I have ten thousand dollars to utilize fine because if we only had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account which makes it impossible alright so let’s visit purchase 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 watch what takes place when we open up our leverage fine and you’re gon na get this warning that the liquidation is high fine as long as you’re measuring 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 just thing that we need to use for this position is twelve dollars which is 12 of our whole account fine so this take advantage of ability is altering absolutely nothing about the danger profile on the trade all right if you intend on trading anyways use the referral Link in the description fine each week we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars each week we’re choosing 3 winners a week alright we’re attempting to offer the costs that we’re gathering from the affiliate program back into the community for you men trading with us link is listed below you can take a look at our Discord where we announce the winners okay before we hop into the trading system that you can utilize to start taking these trades I wish to go over the rules that I would recommend utilizing when growing a little account alright so the very first rule is start with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account use that 10 dollar risk fine each time you double the account so when you go to 100 as much as 200 alright 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 amount and utilize that there up until we scale our account up a bit larger the third thing and this is super essential is everyone has a mental limit when it pertains to just how much money they’re comfortable risking if I’m taking a look 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 mathematics states you’re going to start feeling a bit psychological about the trades which’s something that you really want to avoid until you come comfortable doing that all right so state you work your way up to 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can stroll that back down to fifty dollars per trade pick that repaired quantity when you wish to protect your capital and simply select a goal each day on
the cash that you wish to make when you get up to a comfy threshold where it’s fitting your income goals so for me personally you know I like to make three 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 then I’ll increase it you understand a couple years from now go up to a thousand shot to make three to five thousand per trade and attempt to double my income all right so let’s get into the bread and butter of the real trading this is a system that I have actually been trading the markets with for the past couple months that have actually 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 all right however what I wish to do is find an area where I have a newly developed uptrend first thing that I wish to do is determine my wave count fine so if this is our start
first pullback is two biggest waves up to 3 pullback is 4 and then the high is five and the way we can try to find the top of five is by using a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and then discover 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 increase to the high of one if our rate action boils down through