With low exchange fees. Okx Strategy Alert … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. When taking part in staking or saving functions, it likewise uses exceptionally high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
You can create an account that offers you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that differ based upon trade volume and account holdings. 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 receive discount rates. Swaps, futures, and alternatives have their own rate schedules with differing charges.
One big drawback of is that it doesn’t reveal costs for withdrawals and deposits. While much of is transparent, hidden expense information are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check deal details prior to continuing. If you mistakenly send out funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some distinct security issues you don’t generally face with conventional banking platforms. Nevertheless, the very best practices for keeping your monetary accounts secure are comparable. These consist of using strong passwords unique to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for the majority of consumer possessions. It also has offers extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. If you’ve ever signed up 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 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 in between these values and that’s going to give us.057 then we’re going to take the dollar quantity threat we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Strategy Alert
difference in between the stop and the entry okay and that’s going to offer us the quantity of tokens that we require to purchase in order to run the risk of just ten dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our danger benefit and you’re going to absolutely screw yourself so make certain that you’re not doing that you need to have actually that set dollar amount okay so that indicates that in order to discover the capital requirement or the quantity of cash that we need for this trade we have 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 multiplied by 3.35 which’s going to offer us 587 dollars then we need to be able to enter into this position when we’re utilizing take advantage of the only thing it’s altering is how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x leverage that suggests now I have ten thousand dollars to utilize okay due to the fact that if we just had a hundred dollar account okay this 587 is already 5x the size of our cash worth of our account that makes it impossible fine so let’s visit 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 watch what takes place when we open up our leverage fine 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 risking that 10 dollars you are safe and you’re doing the best thing okay so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account alright so this utilize ability is changing nothing about the danger profile on the trade alright if you plan on trading anyways use the recommendation Link in the description all right each week we do a free gift where anybody trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars each week we’re picking 3 winners a week all right we’re attempting to provide the fees that we’re gathering from the affiliate program back into the community for you people trading with us link is below you can check out our Discord where we reveal the winners fine prior to we hop into the trading system that you can utilize to begin taking these trades I want to review the guidelines that I would suggest utilizing when growing a small account alright so the very first rule is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar risk fine each time you double the account so when you go to 100 as much as 200 all right you wish 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 utilize that there until we scale our account up a bit larger the 3rd thing and this is extremely crucial is everybody has a psychological threshold when it concerns just how much cash they’re comfortable risking 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 and that’s something that you really want to prevent till you come comfortable doing that all right so state you work your method as much as 200 to 500 to a thousand fine 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 choice that repaired amount once you wish to maintain your capital and simply pick a goal per day on
the money that you want to make once you get up to a comfortable limit where it’s fitting your income goals so for me personally you know I like to make 3 that three to 5 thousand dollars weekly 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 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 earnings all right so let’s enter into the bread and butter of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually definitely 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 alright however what I wish to do is discover a location where I have actually a freshly developed uptrend first thing that I want to do is determine my wave count alright so if this is our beginning
first pullback is 2 largest waves approximately three pullback is four and then the high is 5 and the method we can try to find the top of 5 is by using 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 find 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 go up to the high of one if our price action boils down through