With low exchange costs. “””Okx””” … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. It likewise uses extremely high yields in many cases when taking part in staking or conserving functions.
was founded in 2017 and keeps a head office in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The website declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance concerns.
If you’re in an area that works with OKX, you can develop an account that provides you access to trade 343 area currencies.
likewise supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that differ 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 may get approved for discount rates. Swaps, options, and futures have their own rate schedules with varying costs.
One big drawback of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, hidden expense details are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check transaction information before continuing. If you mistakenly send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security issues you don’t usually confront with standard banking platforms. The best practices for keeping your monetary accounts safe and secure are similar. These include using strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for the majority of consumer assets. It also has deals additional features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. You will discover a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished to buy 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 revenue at this level what we wish to do is find the distinction in between these values which’s going to offer 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 10 dollars and we’re going to divide it by the “””Okx”””
difference in between the stop and the entry fine and that’s going to give us the quantity of tokens that we require to purchase in order to risk just 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 danger benefit and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have that set dollar amount all right so that implies that in order to discover 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 rate which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to provide us 587 dollars then we need to be able to get into this position when we’re using utilize 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 means now I have ten thousand dollars to use all right since if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash value of our account which makes it impossible all right so let’s visit purchase 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 our leverage alright 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 risking that ten dollars you are safe and you’re doing the ideal thing okay so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this utilize capability is altering nothing about the threat profile on the trade alright if you intend on trading anyways utilize the recommendation Link in the description alright weekly we do a free gift where anybody trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars each week we’re picking 3 winners a week fine we’re trying to provide 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 have a look at our Discord where we reveal the winners all right prior to we hop into the trading system that you can use to start taking these trades I want to review the guidelines that I would recommend using when growing a small account fine so the first rule is begin with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat all right each time you double the account so when you go to 100 as much as 200 fine you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there until we scale our account up a bit larger the third thing and this is very important is everyone has a mental threshold when it pertains to just how much money they’re comfortable running the risk of 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 math says you’re going to start feeling a little bit emotional about the trades which’s something that you truly wish to avoid until you come comfy doing that alright so say you work your method up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can stroll that pull back to fifty dollars per trade choice that repaired amount as soon as you want to preserve your capital and just select a goal daily on
the cash that you wish to make once you get up to a comfy limit where it’s fitting your income goals so for me personally you know I like to make 3 that three to five thousand dollars each 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 after that 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 try to double my income okay so let’s get into the bread and butter of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have definitely 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 fine however what I want to do is discover an area where I have actually a recently established uptrend first thing that I want to do is identify my wave count okay so if this is our start
first pullback is 2 largest waves approximately 3 pullback is 4 and after that the high is five and the way we can look for the top of 5 is by utilizing a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that 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 rate action comes down through