With low exchange fees. Partial Close Okx … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. When taking part in staking or conserving features, it also provides remarkably high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
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.
You can create an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
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. might work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your primary 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 overall.
Currencies traded on by volume:
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 certify for discounts.
One big downside of is that it doesn’t divulge charges for deposits and withdrawals. While much of is transparent, surprise cost information are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check transaction information prior to continuing. If you mistakenly send funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some special security issues you don’t generally confront with traditional banking platforms. The best practices for keeping your monetary accounts secure are comparable. These include utilizing strong passwords unique 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 client possessions. It also has offers additional 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’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
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 profit at this level what we wish to do is discover the difference in between these values and that’s going to give us.057 then we’re going to take the dollar quantity 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 Partial Close Okx
distinction in between the stop and the entry all right which’s going to provide us the quantity of tokens that we require to purchase in order to risk 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 threat benefit and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar amount okay so that means that in order to discover the capital requirement or the quantity of money that we require for this trade we need 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 give us 587 dollars then we need to be able to enter into this position when we’re utilizing leverage the only thing it’s changing is how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that suggests now I have 10 thousand dollars to use okay due to the fact that if we just had a hundred dollar account all right this 587 is already 5x the size of our cash worth of our account which makes it impossible fine so let’s visit purchase bit here let’s say we want to take this ape trade here fine 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 our leverage all right and you’re gon na get this warning that the liquidation is high fine 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 right thing all right so now only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account fine so this take advantage of ability is changing nothing about the threat profile on the trade okay if you intend on trading anyways use the recommendation Link in the description okay each week we do a free gift where anybody trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars per week we’re choosing 3 winners a week okay we’re trying to offer the charges that we’re collecting from the affiliate program back into the community for you people trading with us link is listed below you can have a look at our Discord where we reveal the winners okay prior to we hop into the trading system that you can use to start taking these trades I wish to review the guidelines that I would advise utilizing when growing a little account all right so the very first guideline is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk okay each time you double the account so when you go to 100 approximately 200 all right you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold 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 super essential is everyone has a psychological threshold when it pertains to 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 little bit emotional about the trades which’s something that you actually want to avoid until you come comfortable doing that alright so say you work your method up to 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can stroll that back down to fifty dollars per trade choice that fixed quantity as soon as you want to maintain your capital and just select a goal daily on
the money that you want to make when you get up to a comfortable limit where it’s fitting your income objectives so for me personally you know I like to make three that three 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 understand 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 fine so let’s enter into the bread and butter of the real 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 really in Dubai alright but what I wish to do is find a location where I have actually a freshly established uptrend first thing that I wish to do is identify my wave count fine so if this is our start
first pullback is 2 largest waves approximately 3 pullback is four and then the high is five and the way we can search for the top of five is by using a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and after that discover my aspect of one and you can see the rate 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 price action boils down through