With low exchange fees. Calculate Liquidation Price Okx … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. It likewise uses extremely high yields in some cases when participating in staking or conserving functions.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide 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 issues.
If you remain in a location that works with OKX, you can create an account that offers you access to trade 343 spot currencies.
Supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
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 certify for discounts.
One big disadvantage of is that it does not reveal charges for deposits and withdrawals. While much of is transparent, surprise expense information are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check transaction details prior to continuing. You likely won’t recuperate any funds if you unintentionally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security issues you don’t typically confront with standard banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe and secure are comparable. These consist of using strong passwords special to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for many customer possessions. It also has deals extra features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of the United States. If you’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover 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 offering our position and that we wish to take earnings at this level what we wish to do is find the difference between these worths which’s going to offer us.057 then we’re going to take the dollar amount risk 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 Calculate Liquidation Price Okx
distinction in between the stop and the entry alright and that’s going to provide us the quantity of tokens that we require to buy in order to risk just ten dollars all right if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our risk reward and you’re going to definitely screw yourself so make sure that you’re not doing that you need to have that set dollar amount okay so that indicates that in order to discover the capital requirement or the quantity of money that we require for this trade we have to take the amount of coins and multiply it by the entry price 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 give us 587 dollars then we need to be able to enter into this position when we’re using utilize the only thing it’s changing is how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x utilize that indicates now I have ten thousand dollars to utilize all right because if we only had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account which makes it impossible fine so let’s visit purchase 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 takes place when we open up our take advantage of fine and you’re gon na get this caution that the liquidation is high alright as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the ideal thing alright so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account alright so this utilize capability is altering absolutely nothing about the danger profile on the trade all right if you plan on trading anyways utilize the referral Link in the description okay each week we do a giveaway where anyone trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars per week we’re selecting three winners a week all right we’re trying to provide the charges that we’re collecting from the affiliate program back into the community for you people trading with us link is listed 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 wish to go over the rules that I would suggest utilizing when growing a small account okay so the very first guideline is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger alright each time you double the account so when you go to 100 approximately 200 fine you wish to move that as much as 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 little bit larger the third thing and this is extremely crucial is everybody has a psychological threshold when it concerns 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 says you’re going to start feeling a little bit emotional about the trades and that’s something that you really wish to prevent till you come comfortable doing that fine so state you work your way approximately 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 all right you can walk that back down to fifty dollars per trade choice that repaired quantity once you wish to protect your capital and simply choose a goal daily on
the cash that you wish to make when you get up to a comfy threshold where it’s fitting your income goals so for me personally you know I like to make 3 that three to five thousand dollars each 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 understand a couple years from now move up to a thousand try to make three to 5 thousand per trade and attempt to double my income all right so let’s enter the support of the real trading this is a system that I have actually been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was really in Dubai fine but what I want to do is find an area where I have actually a freshly established uptrend first thing that I want to do is determine my wave count alright so if this is our start
very first pullback is two biggest waves as much as three pullback is 4 and then the high is five and the way we can look for 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 on this link click back here and after that find my element 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 go up to the high of one if our price action boils down through