With low exchange costs. Tradingview Okx … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. When getting involved in staking or conserving features, it likewise uses extremely high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
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The website claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance issues.
If you remain in a location that deals with OKX, you can create an account that offers you access to trade 343 spot currencies.
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Supports margin borrowing, earning 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 use 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 not enough space to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
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Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may qualify for discounts.
One huge drawback of is that it does not divulge costs for deposits and withdrawals. While much of is transparent, hidden expense details are a warning that might send you to another exchange with transparent cost schedules.
Security
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check deal details prior to proceeding. If you accidentally send funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security issues you do not typically confront with traditional banking platforms. The best practices for keeping your financial accounts safe are comparable. These consist of using strong passwords distinct 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 a lot of customer assets. 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 easy for anybody outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
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 offering our position which we want to take earnings at this level what we wish to do is find the distinction in between these worths and that’s going to offer us.057 then we’re going to take the dollar quantity risk we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Tradingview Okx
distinction in between the entry and the stop okay and that’s going to give us the amount of tokens that we require to buy in order to run the risk of just 10 dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to call in our threat benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have actually that set dollar amount all right so that suggests that in order to find the capital requirement or the quantity of cash that we require for this trade we need to take the quantity of coins and multiply it by the entry cost which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to provide us 587 dollars then we need to be able to get into this position when we’re utilizing leverage the only thing it’s altering is how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x leverage that indicates now I have 10 thousand dollars to utilize alright due to the fact that if we just had a hundred dollar account fine this 587 is already 5x the size of our cash worth of our account that makes it difficult fine so let’s visit buy bit here let’s state we wish to take this ape trade here alright 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 caution that the liquidation is high fine 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 only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account okay so this utilize capability is changing nothing about the threat profile on the trade okay if you plan on trading anyways utilize the referral Link in the description fine every week we do a free gift where anyone trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars weekly we’re picking 3 winners a week all right we’re attempting to give the costs that we’re collecting from the affiliate program back into the community for you guys trading with us link is listed below you can take a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can utilize to start taking these trades I wish to discuss the rules that I would recommend utilizing when growing a little account alright so the first rule is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger all right each time you double the account so when you go to 100 up to 200 okay you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there up until we scale our account up a little bit larger the third thing and this is super crucial is everybody has a psychological threshold when it pertains to 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 says you’re going to start feeling a little bit emotional about the trades and that’s something that you truly want to prevent up until you come comfortable doing that fine so say you work your method approximately 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can stroll that pull back to fifty dollars per trade pick that repaired amount when you want to maintain your capital and just select a goal each day on
the cash that you wish 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 five thousand dollars per week so I’m using you know about 2.5 percent of my whole 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 shot to make 3 to 5 thousand per trade and try to double my income all right so let’s enter into the bread and butter of the real trading this is a system that I have actually been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was in fact in Dubai okay but what I want to do is find an area where I have a recently established uptrend first thing that I want to do is determine my wave count okay so if this is our beginning
first pullback is 2 biggest waves approximately 3 pullback is four and then the high is 5 and the way we can look for the top of five is by using a Fibonacci projection 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 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 price action boils down through