With low exchange fees. Okx Long Short Ratio … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. It likewise offers remarkably high yields in many cases when participating in staking or conserving functions.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces around the globe. 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.
If you remain in a location that deals with OKX, you can create an account that provides you access to trade 343 area currencies.
also supports margin loaning, 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that vary based upon trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might qualify for discount rates. Choices, futures, and swaps have their own rate schedules with differing fees.
One huge disadvantage of is that it does not divulge costs for withdrawals and deposits. While much of is transparent, surprise expense information are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check transaction details before proceeding. If you mistakenly send out funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some special security concerns you don’t typically face with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts safe are comparable. These consist of utilizing strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for most customer properties. It likewise has deals extra functions like the capability to establish 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.
wanted 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 wish to take earnings at this level what we want to do is discover the distinction in between these values which’s going to provide us.057 then we’re going to take the dollar amount danger we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Long Short Ratio
distinction in between the stop and the entry alright and that’s going to provide us the quantity of tokens that we need to purchase in order to risk just ten dollars alright if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger reward and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have actually that set dollar quantity fine so that suggests that in order to find the capital requirement or the amount of money that we need for this trade we have to take the amount of coins and increase it by the entry rate which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we need to be able to get into this position when we’re utilizing take advantage of the only thing it’s changing 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 use alright because if we only had a hundred dollar account okay this 587 is already 5x the size of our cash value of our account that makes it impossible okay so let’s visit buy bit here let’s say we wish to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open our utilize okay 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 10 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 entire account okay so this take advantage of ability is changing absolutely nothing about the threat profile on the trade fine if you intend on trading anyways use the recommendation Link in the description alright each week we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars per week we’re picking three winners a week alright we’re trying to offer the fees that we’re collecting from the affiliate program back into the community for you guys trading with us connect is listed 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 use to start taking these trades I want to discuss the rules that I would suggest utilizing when growing a small account all right so the first rule is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger all right each time you double the account so when you go to 100 approximately 200 okay you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there up until we scale our account up a little bit bigger the third thing and this is very essential is everybody has a mental limit when it pertains to 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 trades in a row I don’t care who you are or what the mathematics states you’re going to start feeling a little bit psychological about the trades which’s something that you really wish to prevent until you come comfortable doing that fine so say you work your way as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can stroll that back down to fifty dollars per trade choice that fixed quantity when you wish to preserve your capital and simply pick a goal each day on
the cash that you want to make as soon as 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 5 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 understand a couple years from now go up to a thousand try to make three to five thousand per trade and try to double my income alright so let’s get into the support of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have absolutely 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 okay however what I wish to do is discover a location where I have a freshly developed uptrend first thing that I want to do is determine my wave count fine so if this is our start
very first pullback is 2 largest waves up to 3 pullback is four and after that the high is 5 and the way we can search for the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and then discover my element 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 comes down through