With low exchange costs. Okx Derivatives Calculator … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. When taking part in staking or saving functions, it also provides incredibly high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional offices around the globe. 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 nations. They do not take users from the United States due to regulatory and compliance concerns.
If you remain in a location that deals with OKX, you can produce an account that gives you access to trade 343 spot currencies.
Supports margin borrowing, making cryptocurrency through staking and cost 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 inadequate room to list them all in our OKX evaluation. 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 large holding in the OKB currency might qualify for discount rates.
One huge disadvantage of is that it doesn’t disclose charges for withdrawals and deposits. While much of is transparent, covert cost details are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check transaction information prior to proceeding. If you mistakenly send funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security issues you don’t typically confront with conventional banking platforms. The best practices for keeping your monetary accounts secure are similar. These consist of utilizing strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for most client assets. It also has offers extra features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. You will find 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 earnings at this level what we wish to do is find the distinction between these worths and that’s going to provide us.057 then we’re going to take the dollar amount danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Derivatives Calculator
distinction between the stop and the entry fine and that’s going to offer us the amount of tokens that we need to purchase in order to run the risk of only 10 dollars alright if we’re just going in with 250 coins or a thousand coins we’re never ever going to be able to call in our threat 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 quantity all right so that indicates that in order to discover the capital requirement or the amount of cash that we require for this trade we need to take the quantity of coins and multiply it by the entry rate which is this level here alright so in this case we’re going to take 175 coins increased 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 utilizing utilize the only thing it’s changing 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 take advantage of that means now I have ten thousand dollars to use okay because if we just had a hundred dollar account all right this 587 is currently 5x the size of our money value of our account that makes it difficult fine so let’s go over to buy bit here let’s say we want to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what happens when we open up our take advantage of all right and you’re gon na get this caution 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 right thing alright so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account fine so this take advantage of capability is altering nothing about the danger profile on the trade alright if you intend on trading anyways use the referral Link in the description okay every week we do a free gift where anybody trading with 50k volume or greater is
going to be instantly entered to win a hundred dollars weekly we’re choosing 3 winners a week okay we’re attempting to provide the costs that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is below you can check out our Discord where we announce the winners okay before we hop into the trading system that you can use to begin taking these trades I want to review the guidelines that I would advise utilizing when growing a small account all right so the first rule is start with the dollar quantity 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 up to 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there until we scale our account up a little bit larger the 3rd thing and this is super essential is everybody has a psychological threshold when it comes 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 3 sell a row I don’t care who you are or what the mathematics says you’re going to start feeling a bit psychological about the trades and that’s something that you really wish to avoid up until you come comfortable doing that okay so say you work your method as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can stroll that back down to fifty dollars per trade pick that fixed amount once you wish to maintain your capital and simply select an objective daily on
the money that you wish 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 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 then I’ll increase it you understand a couple years from now go up to a thousand shot to make three to five thousand per trade and attempt to double my earnings all right so let’s get into the support of the actual trading this is a system that I have actually been trading the marketplaces 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 actually in Dubai okay but what I want to do is find a location where I have actually a recently established uptrend first thing that I wish to do is identify my wave count fine so if this is our beginning
first pullback is two biggest waves up to 3 pullback is four and after that the high is 5 and the method we can search for the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click on this link click back here and then 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 increase to the high of one if our cost action comes down through