With low exchange charges. Okx Liquidations … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. When participating in staking or saving functions, it also provides remarkably high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
You can develop an account that offers you access to trade 343 spot currencies if you’re in an area that works with OKX.
likewise supports margin borrowing, making 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 insufficient room to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different prices tiers that differ based on 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 might qualify for discounts. Swaps, alternatives, and futures have their own rate schedules with differing charges.
One huge disadvantage of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, hidden expense information are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check transaction information prior to continuing. You likely will not recover any funds if you unintentionally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you do not usually confront with standard banking platforms. The best practices for keeping your monetary accounts protected are comparable. These consist of utilizing strong passwords unique 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 cold storage for the majority of consumer possessions. It also has offers additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond 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 significance that if we’re wrong and it continues moving down we’re selling our position which we want to take revenue at this level what we wish to do is discover the difference between these values which’s going to offer us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Liquidations
distinction in between the stop and the entry alright which’s going to offer us the amount of tokens that we require to purchase in order to risk only 10 dollars okay if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to call in our threat reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you require to have that set dollar amount fine so that indicates that in order to find the capital requirement or the amount of cash that we need for this trade we have to take the amount of coins and increase it by the entry price which is this level here all right so in this case we’re going to take 175 coins increased by 3.35 which’s going to offer us 587 dollars then we require to be able to enter this position when we’re utilizing take advantage of the only thing it’s altering is how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that means now I have 10 thousand dollars to utilize fine since if we only had a hundred dollar account okay this 587 is currently 5x the size of our money worth of our account that makes it impossible fine so let’s visit buy bit here let’s state we want 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 watch what occurs when we open our leverage fine and you’re gon na get this caution that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the ideal thing okay so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account okay so this take advantage of capability is altering nothing about the risk profile on the trade okay if you plan on trading anyways utilize 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 gotten in to win a hundred dollars weekly we’re choosing three winners a week okay we’re trying to provide the charges that we’re collecting from the affiliate program back into the neighborhood for you people trading with us connect is listed below you can check out our Discord where we announce the winners okay prior to we hop into the trading system that you can utilize to start taking these trades I wish to review the rules that I would advise utilizing when growing a small account all right so the very first rule is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger okay each time you double the account so when you go to 100 as much as 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 quantity and use that there till we scale our account up a little bit bigger the 3rd thing and this is very crucial is everyone has a mental threshold when it pertains to how much money they’re comfortable running the risk of if I’m taking a look 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 states you’re going to begin feeling a little bit emotional about the trades which’s something that you actually want to avoid till you come comfortable doing that all right so state you work your method as much as 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can walk that pull back to fifty dollars per trade choice that fixed amount when you want to protect your capital and just select an objective per day on
the money that you want to make once you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to five thousand dollars per week 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 know a couple years from now go up to a thousand shot to make three to five thousand per trade and attempt to double my income okay so let’s get into 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 actually absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai okay however what I wish to do is find a location where I have a recently developed uptrend first thing that I wish to do is determine my wave count alright so if this is our beginning
first pullback is 2 largest waves as much as three pullback is 4 and then the high is 5 and the way we can try to find the top of 5 is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and after that discover my element 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