With low exchange charges. Jswap Okx … With an account at, you can quickly buy crypto utilizing a card, checking account, or mobile wallet. When taking part in staking or conserving functions, it also offers remarkably 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 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 regulative and compliance issues.
You can develop an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, 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 main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may qualify for discounts.
One big disadvantage of is that it doesn’t disclose fees for withdrawals and deposits. While much of is transparent, hidden expense details are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction information prior to continuing. If you mistakenly send out funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some unique security concerns you don’t generally face with conventional banking platforms. The best practices for keeping your financial accounts safe and secure 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 many customer possessions. It also has deals extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 want to take earnings at this level what we wish to do is discover the distinction between these worths which’s going to give us.057 then we’re going to take the dollar quantity risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Jswap Okx
difference between the entry and the stop all right which’s going to offer us the amount of tokens that we require to buy in order to risk only ten dollars fine if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our threat 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 amount okay so that means that in order to discover the capital requirement or the amount of money that we need 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 and that’s going to give us 587 dollars then we need to be able to enter into this position when we’re using leverage the only thing it’s altering is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that implies now I have ten thousand dollars to use fine due to the fact that if we only had a hundred dollar account okay this 587 is already 5x the size of our money value of our account that makes it difficult all right so let’s visit buy bit here let’s say we wish to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what takes place when we open up our leverage okay and you’re gon na get this warning that the liquidation is high all right as long as you’re measuring you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the best thing okay so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account alright so this leverage capability is altering nothing about the threat profile on the trade all right if you plan on trading anyways utilize the recommendation Link in the description all right every week we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars per week we’re choosing 3 winners a week alright we’re attempting to provide the fees that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us connect is 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 want to review the rules that I would suggest using when growing a little account all right so the very first rule is begin with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that ten dollar danger fine each time you double the account so when you go to 100 up to 200 okay you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there till we scale our account up a bit bigger the 3rd thing and this is super essential is everybody has a mental threshold when it concerns just how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the mathematics states you’re going to begin feeling a little bit psychological about the trades which’s something that you truly want to avoid until you come comfy doing that alright so say you work your way approximately 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can stroll that pull back to fifty dollars per trade pick that repaired amount as soon as you wish to preserve your capital and just select an objective daily on
the cash that you want to make as soon as you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you understand I like to make three that three to five thousand dollars per week so I’m using you understand about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you know a couple years from now go up to a thousand try to make three to five thousand per trade and attempt to double my earnings alright so let’s get into the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was in fact in Dubai alright however what I wish to do is discover an area where I have a newly developed uptrend first thing that I wish to do is identify my wave count all right so if this is our start
very first pullback is two biggest waves up to three pullback is four and after that the high is five 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 here click back here and after that 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 go up to the high of one if our rate action boils down through