With low exchange charges. Okx Post Only Reduce Only … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. It likewise uses incredibly high yields in many cases when taking part in staking or conserving functions.
was founded in 2017 and preserves a headquarters in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance issues.
You can create an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
also supports margin borrowing, earning 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 primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough 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 big holding in the OKB currency might qualify for discount rates.
One huge downside of is that it does not disclose fees for withdrawals and deposits. While much of is transparent, surprise expense information are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so always double-check deal details before continuing. You likely will not recover any funds if you accidentally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you do not generally face with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts secure are comparable. These consist of using strong passwords distinct to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for many consumer properties. It likewise has deals additional functions like the capability 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 have actually ever signed up for another cryptocurrency exchange or stock market 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 selling our position and that we want to take profit at this level what we want to do is discover the distinction in between these worths which’s going to give us.057 then we’re going to take the dollar amount threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Post Only Reduce Only
difference between the entry and the stop okay and that’s going to offer us the amount of tokens that we need to purchase in order to risk just 10 dollars okay if we’re just going in with 250 coins or a thousand coins we’re never going to be able to dial in our risk benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have that set dollar amount alright so that indicates that in order to find the capital requirement or the quantity of cash that we need for this trade we have to take the quantity of coins and increase it by the entry rate which is this level here fine 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 get into this position when we’re utilizing take advantage of the only thing it’s changing is how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have ten thousand dollars to utilize fine due to the fact that if we only had a hundred dollar account alright this 587 is currently 5x the size of our cash value of our account that makes it difficult alright so let’s go over to buy bit here let’s say 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 happens when we open our utilize okay 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 best thing all right so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account okay so this take advantage of ability is changing absolutely nothing about the threat profile on the trade fine if you plan on trading anyways utilize the recommendation Link in the description fine each week we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars each week we’re selecting three winners a week okay we’re trying to provide the costs that we’re gathering from the affiliate program back into the community for you men trading with us connect is below you can have a look at our Discord where we announce the winners fine prior to we hop into the trading system that you can use to begin taking these trades I want to discuss the guidelines that I would advise utilizing when growing a small account okay so the very first guideline is start with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account usage that ten dollar risk alright each time you double the account so when you go to 100 as much as 200 okay you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there till we scale our account up a little bit larger the 3rd thing and this is incredibly crucial is everybody has a psychological threshold when it pertains to just 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 trades in a row I don’t care who you are or what the mathematics states you’re going to start feeling a bit emotional about the trades which’s something that you truly want to avoid up until you come comfortable doing that okay so state you work your method up to 200 to 500 to a thousand okay 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 as soon as you want to maintain your capital and just choose a goal each day on
the cash that you want to make as soon as you get up to a comfy limit where it’s fitting your income goals so for me personally you understand I like to make three that 3 to 5 thousand dollars per week so I’m utilizing you learn 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 know a couple years from now go up to a thousand try to make 3 to five thousand per trade and try to double my income okay so let’s get into the support of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was in fact in Dubai okay but what I wish to do is find a location where I have 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 up to three pullback is 4 and after that the high is five and the method we can look for the top of 5 is by using a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click here click back here and then 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 cost action comes down through