With low exchange fees. Okx Futures Bot … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. It also uses incredibly high yields sometimes when participating in staking or saving functions.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide 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 concerns.
You can create an account that gives you access to trade 343 spot currencies if you’re in an area that works with OKX.
likewise supports margin borrowing, earning cryptocurrency through staking and 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 note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may qualify for discount rates.
One huge disadvantage of is that it doesn’t disclose charges for deposits and withdrawals. While much of is transparent, surprise expense details are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check transaction information prior to continuing. You likely will not recuperate any funds if you inadvertently send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you don’t typically confront with traditional banking platforms. Nevertheless, the best practices for keeping your financial accounts secure are comparable. These consist of utilizing strong passwords distinct to every website and app along 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 also has offers 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 beyond the United States. You will discover 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 want to take profit at this level what we wish to do is find the distinction between these worths and that’s going to offer us.057 then we’re going to take the dollar amount danger we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Futures Bot
distinction in between the stop and the entry okay which’s going to provide us the amount of tokens that we need to purchase in order to run the risk of only ten dollars okay if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our threat reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have actually that set dollar amount alright so that implies that in order to discover the capital requirement or the quantity of money that we require for this trade we need to take the quantity of coins and multiply it by the entry cost which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 and that’s going to offer us 587 dollars then we need to be able to enter into this position when we’re using leverage the only thing it’s changing is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that suggests now I have ten thousand dollars to utilize okay because if we just had a hundred dollar account all right this 587 is currently 5x the size of our money worth of our account which makes it difficult fine so let’s go over to buy bit here let’s say we want to take this ape trade here fine we require 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 utilize all right and you’re gon na get this caution 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 only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account fine so this utilize ability is changing absolutely nothing about the threat profile on the trade okay if you intend on trading anyways utilize the recommendation Link in the description alright each week we do a giveaway where anyone trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars per week we’re picking three winners a week alright we’re attempting to offer the costs that we’re collecting from the affiliate program back into the neighborhood for you people trading with us link is listed below you can take a look at our Discord where we reveal the winners alright before we hop into the trading system that you can utilize to start taking these trades I want to review the guidelines that I would advise using when growing a small account all right so the very first guideline is start with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat alright each time you double the account so when you go to 100 approximately 200 okay you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there till we scale our account up a bit bigger the third thing and this is super essential is everyone has a psychological limit when it comes to just how much cash they’re comfortable risking 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 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 state you work your method approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can stroll that pull back to fifty dollars per trade pick that fixed quantity as soon as you wish to preserve your capital and simply choose an objective daily on
the cash that you want to make when you get up to a comfortable limit where it’s fitting your income goals so for me personally you understand I like to make 3 that 3 to five thousand dollars per week so I’m using you understand 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 three to 5 thousand per trade and try to double my earnings fine so let’s enter into the support of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was really in Dubai fine however what I want to do is discover an area where I have actually a newly developed uptrend first thing that I wish to do is recognize my wave count all right so if this is our start
first pullback is two biggest waves up to 3 pullback is four and after that 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 value I’m gon na click on this link click back here and after that find my aspect 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 increase to the high of one if our cost action boils down through