With low exchange charges. Okx Trailing Stop … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. It likewise uses incredibly high yields in many cases when participating in staking or conserving features.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance concerns.
If you’re in an area that works with OKX, you can create an account that gives you access to trade 343 area currencies.
also supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you use 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 inadequate space to note them all in our OKX review. 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 might qualify for discount rates.
One big downside of is that it doesn’t divulge costs for deposits and withdrawals. While much of is transparent, covert cost information are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check deal details before continuing. If you unintentionally send funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some distinct security concerns you do not usually face with traditional banking platforms. The finest practices for keeping your financial accounts safe and secure are comparable. These consist of using 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, consisting of cold storage for most customer possessions. It also has deals 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. You will discover a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 wish to take profit at this level what we want to do is find the distinction in between these values and that’s going to provide us.057 then we’re going to take the dollar quantity danger we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Trailing Stop
difference in between the entry and the stop fine which’s going to offer us the quantity of tokens that we require to buy in order to risk just 10 dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to call in our risk benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have that set dollar amount fine so that suggests that in order to discover the capital requirement or the quantity of money that we require for this trade we have to take the quantity of coins and increase it by the entry rate which is this level here alright 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 require to be able to enter this position when we’re utilizing utilize the only thing it’s changing is just how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that indicates now I have 10 thousand dollars to utilize alright since if we only had a hundred dollar account fine this 587 is currently 5x the size of our money worth of our account that makes it impossible all right so let’s go over to buy bit here let’s say we wish to take this ape trade here okay 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 take advantage of alright 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 ten dollars you are safe and you’re doing the right thing fine so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account fine so this leverage ability is altering absolutely nothing about the threat profile on the trade fine if you plan on trading anyways use the recommendation Link in the description alright weekly we do a free gift where anybody trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars each week we’re picking 3 winners a week alright we’re attempting to offer the charges that we’re collecting from the affiliate program back into the community for you guys trading with us link is below you can have a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can utilize to begin taking these trades I wish to review the guidelines that I would advise using when growing a small account alright so the very first guideline is begin with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account usage that ten dollar danger okay each time you double the account so when you go to 100 up to 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 bit larger the 3rd thing and this is extremely important is everybody has a mental limit when it comes to just how much cash they’re comfortable risking 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 says you’re going to begin feeling a bit emotional about the trades and that’s something that you truly want to prevent till you come comfy doing that okay so say you work your way as much as 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can walk that back down to fifty dollars per trade pick that repaired quantity once you wish to preserve your capital and just choose an objective per day on
the money that you wish to make as soon as you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you understand I like to make 3 that three to five thousand dollars each week so I’m using you understand 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 try to make three to five thousand per trade and try to double my earnings 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 absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was actually in Dubai all right but what I wish to do is find an area where I have a newly established uptrend first thing that I want to do is identify my wave count okay so if this is our start
very first pullback is two largest waves approximately 3 pullback is 4 and after that the high is five and the way we can try to find the top of five is by using a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that find my aspect 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 cost action comes down through