With low exchange charges. Okx Watchlist Tradingview … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. When participating in staking or conserving features, it also offers extremely high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The site declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance concerns.
If you remain in a location that works with OKX, you can develop an account that gives you access to trade 343 spot currencies.
Supports margin loaning, making 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 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 insufficient space to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
For spot 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 disadvantage of is that it doesn’t reveal charges for withdrawals and deposits. While much of is transparent, concealed expense information are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal details prior to proceeding. If you mistakenly send funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some unique security concerns you do not generally face with traditional banking platforms. However, the very best practices for keeping your monetary accounts secure are similar. These consist of using strong passwords special 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 freezer for a lot of consumer assets. It also has deals extra features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone 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.
wanted 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 and that we want to take earnings at this level what we wish to do is find the distinction between these worths which’s going to give us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Watchlist Tradingview
difference between the entry and the stop all right and that’s going to give us the amount of tokens that we require to buy in order to risk just 10 dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to call in our danger reward and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you require to have actually that set dollar amount alright so that means that in order to find the capital requirement or the quantity of money that we need for this trade we have to take the amount of coins and multiply it by the entry cost which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we need to be able to enter into this position when we’re using leverage the only thing it’s altering 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 leverage that suggests now I have 10 thousand dollars to utilize fine due to the fact that if we only had a hundred dollar account fine this 587 is already 5x the size of our money worth of our account that makes it difficult all right 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 enjoy what happens when we open up our leverage alright and you’re gon na get this warning that the liquidation is high fine 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 best thing alright so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account all right so this utilize ability is changing nothing about the threat profile on the trade fine if you plan on trading anyways use the referral Link in the description okay each week we do a free gift where anyone trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars per week we’re choosing three winners a week alright we’re trying to provide the charges that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link is below you can have a look at our Discord where we announce the winners fine before we hop into the trading system that you can utilize to start taking these trades I want to discuss the rules that I would advise using when growing a small account alright so the first rule is begin with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat fine each time you double the account so when you go to 100 as much as 200 all right you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there till we scale our account up a bit bigger the 3rd thing and this is very important is everyone has a psychological limit when it comes to 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 sell a row I don’t care who you are or what the math says you’re going to start feeling a bit emotional about the trades and that’s something that you truly wish to prevent until you come comfortable doing that okay so state you work your way approximately 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can stroll that back down to fifty dollars per trade pick that fixed amount as soon as you want to maintain your capital and simply pick a goal daily on
the cash that you wish to make when you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you understand 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 shot to make 3 to 5 thousand per trade and try to double my earnings alright so let’s enter 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 actually definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai fine however what I want to do is discover a location where I have a freshly established uptrend first thing that I wish to do is recognize my wave count all right so if this is our beginning
first pullback is two largest waves approximately three pullback is 4 and then the high is five and the method we can search for the top of five 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 then discover my element of one and you can see the price action sort of Consolidated right along this level if we take a Fibonacci retracement off of this level and increase to the high of one if our price action comes down through