With low exchange charges. Okx Stock Forum … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. It likewise provides remarkably high yields in many cases when taking part in staking or saving features.
was founded in 2017 and maintains a headquarters in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The site claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance concerns.
If you remain in an area that works with OKX, you can create an account that gives you access to trade 343 spot currencies.
also supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could 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 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 big holding in the OKB currency might qualify for discounts.
One huge drawback of is that it doesn’t reveal costs for deposits and withdrawals. While much of is transparent, surprise cost details are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction information before proceeding. You likely won’t recover any funds if you inadvertently send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you do not typically confront with conventional banking platforms. The finest practices for keeping your monetary accounts protected are comparable. These include utilizing strong passwords special to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for many customer properties. It also 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 simple for anybody beyond the United States. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover 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 want to take earnings at this level what we want to do is find the difference between these worths which’s going to offer us.057 then we’re going to take the dollar amount danger we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Stock Forum
distinction between the stop and the entry alright which’s going to provide us the quantity of tokens that we require to purchase in order to run the risk of only 10 dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to call in our risk benefit and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have actually that set dollar amount okay so that suggests that in order to find the capital requirement or the amount of cash that we need for this trade we need to take the amount of coins and increase it by the entry cost which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to provide 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 need to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that suggests now I have ten thousand dollars to use okay due to the fact that if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash value of our account that makes it difficult alright so let’s go over to purchase bit here let’s state we wish to take this ape trade here okay 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 our take advantage of alright and you’re gon na get this warning that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the best thing alright so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account alright so this leverage capability is altering nothing about the risk profile on the trade okay if you plan on trading anyways use the recommendation Link in the description all right every week we do a giveaway where anybody trading with 50k volume or greater is
going to be instantly entered to win a hundred dollars per week we’re choosing 3 winners a week okay we’re trying to provide the costs that we’re collecting from the affiliate program back into the community for you people trading with us link is listed below you can check out our Discord where we announce the winners all right before we hop into the trading system that you can use to begin taking these trades I wish to discuss the rules that I would advise using when growing a little account all right so the very first guideline is begin with the dollar quantity danger per trade 10 of beginning 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 as much as 200 all right you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there till we scale our account up a bit bigger the third thing and this is super crucial is everyone has a mental limit when it comes to just how much cash 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 start feeling a bit emotional about the trades which’s something that you truly wish to avoid till you come comfy doing that alright so say you work your way approximately 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can walk that back down to fifty dollars per trade choice that repaired quantity when you wish to preserve your capital and just pick an objective per day on
the money that you want to make once you get up to a comfy limit where it’s fitting your earnings goals so for me personally you know I like to make three that 3 to five thousand dollars each week so I’m utilizing 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 understand a couple years from now move up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my earnings all right so let’s enter the bread and butter of the actual trading this is a system that I have actually 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 actually in Dubai alright but what I want to do is find an area where I have actually a newly established uptrend first thing that I want to do is determine my wave count fine so if this is our beginning
very first pullback is 2 biggest waves approximately three pullback is 4 and after that the high is 5 and the method we can look for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link 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 go up to the high of one if our cost action comes down through