With low exchange charges. Can I Trade Luna On Okx … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. When participating in staking or conserving functions, it also offers incredibly high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance issues.
You can develop an account that gives you access to trade 343 spot currencies if you’re in an area that works with OKX.
also supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you use 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 room to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
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 downside of is that it doesn’t reveal fees 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 charge schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check transaction details prior to continuing. You likely will not recover any funds if you unintentionally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t normally face with conventional banking platforms. The finest practices for keeping your monetary accounts secure are similar. These include using strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for a lot of customer possessions. It also 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 outside of the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wished to purchase 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 which we wish to take earnings at this level what we wish to do is discover the difference 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 Can I Trade Luna On Okx
difference in between the stop and the entry okay which’s going to provide us the quantity of tokens that we require to purchase in order to run the risk of only ten dollars alright if we’re just going in with 250 coins or a thousand coins we’re never going to be able to call in our risk benefit and you’re going to definitely screw yourself so ensure that you’re refraining from 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 cash that we require for this trade we have to take the amount of coins and increase it by the entry rate which is this level here all right so in this case we’re going to take 175 coins increased by 3.35 and that’s going to give us 587 dollars then we need to be able to enter this position when we’re utilizing take advantage of the only thing it’s changing is how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x leverage that indicates now I have 10 thousand dollars to use alright because if we only had a hundred dollar account fine this 587 is currently 5x the size of our money value of our account that makes it impossible okay so let’s visit purchase bit here let’s state we want to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open our leverage all right and you’re gon na get this caution that the liquidation is high all right 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 ideal thing alright so now only 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 capability is changing nothing about the danger profile on the trade all right if you plan on trading anyways utilize the recommendation Link in the description okay weekly we do a free gift where anyone trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars weekly we’re selecting 3 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 below you can take 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 want to discuss the guidelines that I would advise using when growing a small account alright so the very first rule is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account use that ten dollar risk all right each time you double the account so when you go to 100 as much as 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there till we scale our account up a little bit larger the third thing and this is super essential is everyone has a mental threshold when it concerns 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 math says you’re going to start feeling a bit emotional about the trades which’s something that you really want to avoid till you come comfortable doing that okay so say you work your way up to 200 to 500 to a thousand okay and then 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 quantity when you wish to protect your capital and just pick an objective per day on
the cash that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your income 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 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 3 to 5 thousand per trade and try to double my earnings all right so let’s enter the support 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 show you among the setups that I had on xrp when I was actually in Dubai alright however what I wish to do is discover an area where I have actually a newly established uptrend first thing that I want to do is identify my wave count alright so if this is our start
first pullback is 2 biggest waves up to 3 pullback is 4 and after that the high is five and the method we can look for the top of 5 is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and then find my factor 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 boils down through