With low exchange charges. Hedge Mode Okx … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. When participating in staking or conserving functions, it also offers extremely high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra offices worldwide. 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 issues.
You can develop an account that provides 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. could work as an exchange you utilize 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 not enough space to note them all in our OKX review. There are 343 currencies on the exchange total.
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 may certify for discounts.
One big drawback of is that it does not reveal costs for deposits and withdrawals. While much of is transparent, concealed cost information are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check deal information before continuing. If you mistakenly send out funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security issues you don’t usually face with traditional banking platforms. The best practices for keeping your financial accounts safe are comparable. 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 most client properties. It also has offers extra features like the capability to set up 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 have actually ever signed up for another cryptocurrency exchange or stock market 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 meaning that if we’re wrong and it continues moving down we’re selling our position and that we want to take revenue at this level what we want to do is discover the difference between these values and that’s going to offer us.057 then we’re going to take the dollar quantity risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Hedge Mode Okx
distinction in between the entry and the stop fine and that’s going to give us the amount of tokens that we need to buy in order to risk just 10 dollars okay if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our risk reward and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you require to have that set dollar quantity okay so that means that in order to find the capital requirement or the quantity of cash that we require for this trade we need to take the quantity of coins and multiply it by the entry price which is this level here fine 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 require to be able to enter this position when we’re using leverage the only thing it’s altering is just how much money we personally require to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that indicates now I have 10 thousand dollars to use okay because 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 fine so let’s go over to purchase bit here let’s say we wish to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what occurs when we open up our utilize fine and you’re gon na get this warning 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 ten dollars you are safe and you’re doing the best thing fine 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 plan on trading anyways use the recommendation Link in the description all right every week we do a free gift where anybody trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars per week we’re picking 3 winners a week fine we’re trying to provide the charges that we’re gathering from the affiliate program back into the community for you men trading with us connect is listed below you can check out our Discord where we reveal the winners fine before we hop into the trading system that you can utilize to begin taking these trades I wish to go over the rules that I would suggest using when growing a small account alright so the very first guideline is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger all right each time you double the account so when you go to 100 approximately 200 alright you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there till we scale our account up a little bit larger the 3rd thing and this is incredibly important is everyone has a mental threshold when it comes to just how much cash they’re comfortable risking 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 mathematics says you’re going to begin feeling a little bit emotional about the trades and that’s something that you actually wish to prevent up until you come comfortable doing that all right so say you work your method approximately 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can walk that pull back to fifty dollars per trade choice that fixed quantity when you wish to maintain your capital and just select an objective daily on
the cash that you want to make when you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you know I like to make three that 3 to five thousand dollars weekly so I’m using you know 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 go up to a thousand try to make three to five thousand per trade and attempt to double my income fine so let’s get into the support 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 show you one of the setups that I had on xrp when I was really in Dubai fine but what I want to do is find a location where I have a recently developed uptrend first thing that I wish to do is identify my wave count fine so if this is our beginning
very first pullback is 2 largest waves up to three pullback is 4 and then the high is five and the way we can look for the top of five 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 then discover my aspect of one and you can see the cost 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 rate action boils down through