With low exchange fees. Okx Football … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. It also provides extremely high yields in many cases when taking part in staking or conserving functions.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The site declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance concerns.
You can develop an account that offers you access to trade 343 spot currencies if you’re in an area that works with OKX.
likewise supports margin loaning, earning cryptocurrency through staking and 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 location 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 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 downside of is that it does not reveal charges for withdrawals and deposits. While much of is transparent, covert expense details are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check transaction details prior to proceeding. You likely won’t recover any funds if you mistakenly send out funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you do not usually face with standard banking platforms. However, the best practices for keeping your monetary accounts safe are similar. These consist of utilizing strong passwords distinct to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for the majority of client assets. It likewise 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 anybody outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock exchange 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 significance 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 difference in between these values and that’s going to give us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Football
distinction in between the stop and the entry all right which’s going to provide us the quantity of tokens that we need to purchase in order to risk just 10 dollars alright if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to call in our threat reward and you’re going to definitely screw yourself so make sure that you’re not doing that you need to have that set dollar quantity okay 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 rate which is this level here all right so in this case we’re going to take 175 coins increased by 3.35 which’s going to give us 587 dollars then we require to be able to enter into this position when we’re utilizing utilize the only thing it’s altering 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 utilize that means now I have ten thousand dollars to use fine because if we just had a hundred dollar account alright this 587 is already 5x the size of our money value of our account that makes it difficult all right so let’s visit purchase bit here let’s state we wish 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 takes place when we open up our leverage alright and you’re gon na get this warning that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing fine so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account fine so this take advantage of capability is changing absolutely nothing about the danger profile on the trade all right 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 greater is
going to be instantly gone into to win a hundred dollars weekly we’re choosing 3 winners a week all right we’re trying to offer the costs that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link is below you can take a look at our Discord where we announce the winners alright before we hop into the trading system that you can use to start taking these trades I wish to discuss the guidelines that I would recommend utilizing when growing a little account all right so the very first rule is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger okay each time you double the account so when you go to 100 as much as 200 all right you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and utilize that there till we scale our account up a bit bigger the 3rd thing and this is very crucial is everybody has a psychological threshold when it pertains to how much money they’re comfortable risking if I’m taking a look 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 says you’re going to begin feeling a bit psychological about the trades and that’s something that you actually want to prevent until you come comfortable doing that okay so say you work your way as much as 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can stroll that pull back to fifty dollars per trade choice that fixed amount when you want to preserve your capital and just choose a goal each day on
the cash that you want to make as soon as you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you understand I like to make three that 3 to 5 thousand dollars weekly so I’m using you know 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 move up to a thousand try to make three to five thousand per trade and attempt to double my income okay so let’s enter 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 definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai all right however what I want to do is discover an area where I have actually a newly established uptrend first thing that I want to do is determine my wave count all right so if this is our start
very first pullback is 2 largest waves up to three pullback is 4 and after that the high is 5 and the way we can look for the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and after that discover my factor 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 go up to the high of one if our rate action comes down through