With low exchange costs. How To Connect Tradingview To Okx … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. When getting involved in staking or conserving features, it also provides incredibly high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
If you’re in an area that works with OKX, you can produce an account that offers you access to trade 343 spot currencies.
also supports margin borrowing, 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 insufficient 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 certify for discounts.
One big drawback of is that it doesn’t divulge charges for deposits and withdrawals. While much of is transparent, covert expense details are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check deal details before continuing. You likely won’t recuperate any funds if you unintentionally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t usually face with standard banking platforms. However, the best practices for keeping your monetary accounts safe are similar. These consist of using strong passwords special 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 properties. It likewise has deals additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
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 selling our position and that we want to take revenue at this level what we wish to do is discover the distinction between these worths which’s going to offer us.057 then we’re going to take the dollar amount threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the How To Connect Tradingview To Okx
difference between the entry and the stop okay which’s going to offer us the amount of tokens that we require to buy in order to run the risk of just 10 dollars okay if we’re just going in with 250 coins or a thousand coins we’re never going to be able to call in our danger reward and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have that set dollar quantity all right so that implies that in order to discover the capital requirement or the amount of money that we require for this trade we have 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 multiplied by 3.35 which’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 altering is just how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that suggests now I have ten thousand dollars to use alright since if we only had a hundred dollar account all right this 587 is already 5x the size of our cash worth of our account which makes it impossible fine so let’s visit buy bit here let’s say we want 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 view what takes place when we open our take advantage of okay 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 all right so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this take advantage of ability is altering absolutely nothing about the threat profile on the trade fine if you plan on trading anyways use the recommendation Link in the description fine weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars each week we’re choosing 3 winners a week all right we’re attempting to offer the fees that we’re collecting from the affiliate program back into the community for you men trading with us connect is listed below you can have a look at our Discord where we reveal the winners alright before we hop into the trading system that you can use to start taking these trades I want to discuss the rules that I would recommend using when growing a little account alright so the very first guideline is begin with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat okay each time you double the account so when you go to 100 approximately 200 all right 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 use that there till we scale our account up a bit larger the third thing and this is extremely important is everybody has a psychological threshold when it comes to just how much cash 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 begin feeling a bit emotional about the trades and that’s something that you actually wish to prevent till you come comfortable doing that all right so state you work your method approximately 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can stroll that pull back to fifty dollars per trade choice that repaired amount when you want to maintain your capital and just select a goal daily on
the money 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 know I like to make three that 3 to 5 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 after that I’ll increase it you understand a couple years from now go up to a thousand try to make 3 to 5 thousand per trade and attempt to double my income alright so let’s enter 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 actually absolutely 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 alright however what I want to do is discover a location where I have a newly developed uptrend first thing that I wish to do is determine my wave count okay so if this is our beginning
first pullback is 2 biggest waves up to three pullback is 4 and after that the high is 5 and the way we can search for 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 on this link click back here and then discover my element of one and you can see the cost 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 boils down through