With low exchange charges. Okx Copy Trader … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. When taking part in staking or saving functions, it likewise uses remarkably high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet 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 concerns.
You can create an account that offers you access to trade 343 area currencies if you’re in a location that works with OKX.
also supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 location 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 prices 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 discounts. Swaps, alternatives, and futures have their own rate schedules with differing costs.
One big drawback of is that it does not reveal fees for deposits and withdrawals. While much of is transparent, hidden expense information are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction information before continuing. If you unintentionally send out funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some distinct security concerns you don’t normally confront with conventional banking platforms. The best practices for keeping your financial accounts safe and secure are similar. These include utilizing strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for most client properties. It likewise has deals additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wished to purchase 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 selling our position which we wish to take earnings at this level what we want to do is discover the difference between these worths and that’s going to give us.057 then we’re going to take the dollar quantity danger we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Copy Trader
difference in between the entry and the stop alright which’s going to offer us the amount of tokens that we need 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 going to be able to dial in our danger benefit and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar quantity alright so that indicates that in order to discover the capital requirement or the quantity of money that we need for this trade we have to take the quantity of coins and increase it by the entry rate which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we need to be able to get into this position when we’re using take advantage of the only thing it’s changing is how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x utilize that indicates now I have 10 thousand dollars to utilize fine due to the fact that if we just had a hundred dollar account all right this 587 is currently 5x the size of our cash worth of our account which makes it impossible alright so let’s visit buy 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 view what happens when we open up our take advantage of alright and you’re gon na get this warning that the liquidation is high okay 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 okay so now only 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 nothing about the danger profile on the trade okay if you intend on trading anyways use the recommendation Link in the description alright weekly we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars weekly we’re picking 3 winners a week okay we’re attempting to provide the costs that we’re gathering from the affiliate program back into the community for you guys trading with us connect is below you can take a look at our Discord where we announce the winners alright before we hop into the trading system that you can use to start taking these trades I wish to go over the rules that I would advise using when growing a little account fine so the very first rule is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger okay each time you double the account so when you go to 100 up to 200 fine you want 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 use that there till we scale our account up a bit larger the 3rd thing and this is very essential is everybody has a psychological limit when it concerns just how much money they’re comfortable running the risk of if I’m looking 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 mathematics says you’re going to begin feeling a little bit psychological about the trades and that’s something that you truly wish to avoid up until you come comfy doing that fine so state you work your method up to 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can stroll that pull back to fifty dollars per trade choice that repaired amount as soon as you wish to protect your capital and simply pick a goal each day on
the money that you want to make when you get up to a comfy limit where it’s fitting your income goals so for me personally you know I like to make three that three to 5 thousand dollars per week so I’m utilizing you know about 2.5 percent of my entire 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 go up to a thousand try to make three to 5 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 markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was actually in Dubai fine but what I wish to do is discover an area where I have actually a newly 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 2 largest waves as much as 3 pullback is four and then the high is 5 and the method we can look for the top of 5 is by using a Fibonacci forecast 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 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 increase to the high of one if our rate action boils down through