With low exchange charges. Okx Trade Bot … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. It likewise uses incredibly high yields in some cases when taking part in staking or conserving functions.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance issues.
If you’re in an area that deals with OKX, you can create an account that gives you access to trade 343 spot currencies.
Supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, 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 main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various prices 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 large holding in the OKB currency might receive discounts. Futures, swaps, and alternatives have their own rate schedules with varying fees.
One big downside of is that it doesn’t divulge fees 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 deals 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 unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not typically face with conventional banking platforms. The best practices for keeping your financial accounts secure are similar. These include utilizing strong passwords special to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for many client possessions. It also has offers extra features like the capability 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 have actually ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wished 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 selling our position which we wish to take earnings at this level what we want to do is find the difference between these values and that’s going to offer us.057 then we’re going to take the dollar amount threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Trade Bot
distinction in between the entry and the stop fine which’s going to offer us the quantity of tokens that we need to purchase in order to run the risk of only 10 dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to call in our threat benefit and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar amount alright so that implies that in order to find the capital requirement or the amount of cash that we need for this trade we have to take the amount of coins and increase it by the entry cost which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give us 587 dollars then we need to be able to get into this position when we’re utilizing utilize the only thing it’s changing is how much money we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that indicates now I have 10 thousand dollars to utilize all right due to the fact that if we just had a hundred dollar account fine this 587 is currently 5x the size of our money worth of our account that makes it impossible alright so let’s go over to purchase bit here let’s state we want 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 watch what takes place when we open up our leverage okay and you’re gon na get this caution that the liquidation is high all right as long as you’re measuring you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the ideal thing all right so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account all right so this leverage ability is altering absolutely nothing about the danger profile on the trade all right if you intend on trading anyways utilize the referral Link in the description fine weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars weekly we’re choosing 3 winners a week all right we’re attempting to provide the costs that we’re collecting from the affiliate program back into the community for you men trading with us link is listed below you can check out our Discord where we announce the winners all right prior to we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the guidelines that I would suggest using when growing a little account all right so the very first guideline is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger fine each time you double the account so when you go to 100 as much as 200 okay you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there until we scale our account up a bit bigger the 3rd thing and this is incredibly important is everybody has a mental limit when it comes to how much cash they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the math states you’re going to begin feeling a bit emotional about the trades which’s something that you actually wish to avoid up until you come comfy doing that fine so state you work your method approximately 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 stroll that pull back to fifty dollars per trade pick that repaired quantity as soon as you want to protect your capital and simply pick an objective per day on
the money that you wish to make when you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you know I like to make 3 that 3 to five thousand dollars per week so I’m utilizing 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 shot to make 3 to five thousand per trade and try to double my earnings fine so let’s enter the bread and butter of the actual 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 reveal you one of the setups that I had on xrp when I was really in Dubai fine but what I want to do is discover a location where I have actually a recently established uptrend first thing that I wish to do is determine my wave count all right so if this is our beginning
first pullback is two largest waves approximately 3 pullback is 4 and then the high is 5 and the way we can try to find the top of five 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 find 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 boils down through