With low exchange costs. Okx промокод … With an account at, you can quickly buy crypto utilizing a card, bank account, or mobile wallet. It also offers extremely high yields in many cases when taking part in staking or conserving features.
was founded in 2017 and maintains a headquarters in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
You can create an account that provides you access to trade 343 spot currencies if you’re in an area that works with OKX.
Supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various rates 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 qualify for discount rates. Futures, swaps, and choices have their own rate schedules with varying charges.
One big drawback of is that it does not reveal fees for deposits and withdrawals. While much of is transparent, covert cost information are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check transaction information prior to continuing. You likely will not recuperate any funds if you inadvertently send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you don’t typically confront with standard banking platforms. However, the best practices for keeping your monetary accounts safe and secure are comparable. These include utilizing strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for many client assets. It likewise has deals extra functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple 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 meaning that if we’re wrong and it continues moving down we’re selling our position and that we want to take profit 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 quantity risk we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx промокод
difference between the entry and the stop alright and that’s going to provide us the amount of tokens that we require to purchase in order to risk just ten dollars fine if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our danger reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you need to have that set dollar amount fine so that implies that in order to find the capital requirement or the quantity of cash 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 increased by 3.35 which’s going to give us 587 dollars then we require 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 implies now I have ten thousand dollars to use alright due to the fact that if we only had a hundred dollar account all right this 587 is currently 5x the size of our money worth of our account which makes it impossible fine so let’s go over to purchase bit here let’s say we wish to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what happens when we open our utilize 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 running the risk of that 10 dollars you are safe and you’re doing the best thing alright so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account okay so this leverage ability is changing absolutely nothing about the threat profile on the trade alright if you plan on trading anyways use the referral Link in the description okay every week we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars per week we’re selecting three winners a week all right we’re attempting to provide the charges that we’re collecting from the affiliate program back into the neighborhood for you people trading with us link is listed below you can check out our Discord where we reveal the winners all right before we hop into the trading system that you can utilize to start taking these trades I want to review the rules that I would suggest using when growing a small account fine so the very first rule is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk fine each time you double the account so when you go to 100 approximately 200 all right you wish 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 till we scale our account up a bit bigger the third thing and this is incredibly essential is everyone has a mental limit when it concerns how much cash they’re comfortable risking if I’m taking a look 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 mathematics states you’re going to begin feeling a bit emotional about the trades which’s something that you really want to avoid till you come comfortable doing that okay so say you work your way 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 all right you can walk that back down to fifty dollars per trade pick that fixed amount as soon as you wish to preserve your capital and simply choose an objective each day on
the cash that you wish to make when you get up to a comfortable limit where it’s fitting your income goals so for me personally you know I like to make three 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 know a couple years from now move up to a thousand shot to make three to 5 thousand per trade and try to double my income 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 alright but what I want to do is find a location where I have a freshly developed uptrend first thing that I want to do is recognize my wave count fine so if this is our start
very first pullback is two largest waves approximately 3 pullback is 4 and then the high is 5 and the method we can search for the top of 5 is by using 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 find my factor 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 go up to the high of one if our cost action comes down through