With low exchange fees. Okx Grid Trading … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. When getting involved in staking or conserving functions, it likewise provides remarkably high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
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The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance concerns.
If you remain in a location that works with OKX, you can create an account that gives you access to trade 343 spot currencies.
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also supports margin borrowing, earning 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 location 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.
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Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
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 certify for discount rates.
One huge disadvantage of is that it does not disclose fees for deposits and withdrawals. While much of is transparent, hidden expense information are a warning that may send you to another exchange with transparent charge schedules.
Security
Cryptocurrency deals are normally one-way and can’t be reversed, so always double-check transaction information prior to continuing. You likely will not recuperate any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t normally face with conventional banking platforms. Nevertheless, the very best practices for keeping your financial accounts secure are similar. These consist of utilizing strong passwords unique to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for most consumer properties. It likewise has offers extra 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 registered for another cryptocurrency exchange or stock exchange 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 offering our position and that we want to take profit at this level what we want to do is discover the difference in between these worths which’s going to offer us.057 then we’re going to take the dollar quantity threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Grid Trading
distinction in between the stop and the entry alright and that’s going to provide us the amount of tokens that we need to buy in order to risk only ten dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability 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 amount alright so that indicates that in order to discover the capital requirement or the quantity of money that we require for this trade we have to take the amount of coins and increase it by the entry cost which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we require to be able to get into this position when we’re utilizing take advantage of the only thing it’s altering is just how much money 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 impossible fine so let’s go over to 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 enjoy what takes place when we open up our utilize all right and you’re gon na get this warning that the liquidation is high okay 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 right thing okay so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account okay so this take advantage of ability is changing nothing about the danger profile on the trade fine if you intend on trading anyways use the referral Link in the description okay every week we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars per week we’re selecting three winners a week fine we’re trying to give the fees that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is below you can have 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 rules that I would recommend using when growing a little account okay so the first rule is start with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat okay each time you double the account so when you go to 100 approximately 200 fine you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there until we scale our account up a bit bigger the 3rd thing and this is very crucial is everyone has a psychological threshold when it pertains to 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 three 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 wish to avoid up until you come comfortable doing that okay so say you work your method 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 alright you can walk that pull back to fifty dollars per trade choice that repaired quantity when you want to preserve your capital and just pick a goal each day on
the cash that you want to make as soon as you get up to a comfy limit where it’s fitting your income goals so for me personally you know I like to make three that 3 to five thousand dollars per week so I’m using 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 move up to a thousand try to make three to five thousand per trade and attempt to double my earnings okay so let’s enter 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 among the setups that I had on xrp when I was in fact in Dubai alright but what I wish to do is find an area where I have a recently developed uptrend first thing that I wish to do is recognize my wave count all right so if this is our start
very first pullback is 2 biggest waves approximately 3 pullback is 4 and after that the high is 5 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 on this link click back here and then discover 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 increase to the high of one if our price action boils down through