With low exchange charges. Paper Trade Okx … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. When getting involved in staking or conserving features, it likewise uses incredibly high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide 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 regulative and compliance concerns.
If you remain in an area that deals with OKX, you can create an account that offers you access to trade 343 area currencies.
also supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
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 big downside of is that it does not reveal costs for deposits and withdrawals. While much of is transparent, hidden cost details are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check deal details before continuing. You likely will not recover any funds if you mistakenly send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you don’t usually face with conventional banking platforms. The best practices for keeping your monetary accounts protected are comparable. These include utilizing strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for a lot of consumer properties. It likewise 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 outside of the United States. You will discover a familiar experience at OKX if you’ve 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 want to take profit at this level what we want to do is discover the distinction between these values which’s going to provide us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Paper Trade Okx
difference between the entry and the stop alright which’s going to provide us the quantity of tokens that we need to buy in order to run the risk of only 10 dollars all right if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our threat reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have that set dollar amount fine so that means that in order to discover the capital requirement or the quantity of cash that we need for this trade we have to take the amount of coins and increase it by the entry rate which is this level here all right 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 this position when we’re using utilize 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 use a 100x leverage that suggests now I have 10 thousand dollars to use alright since if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash value of our account which makes it difficult okay so let’s go over to buy bit here let’s say we wish to take this ape trade here fine we require 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 leverage fine and you’re gon na get this warning that the liquidation is high alright as long as you’re measuring you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the ideal thing okay so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account okay so this leverage capability is changing nothing about the danger profile on the trade all right if you plan on trading anyways utilize the referral Link in the description alright every week we do a free gift where anyone trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars per week we’re picking 3 winners a week alright we’re attempting to give the charges that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us link is listed below you can check out our Discord where we announce the winners alright prior to we hop into the trading system that you can use to start taking these trades I want to discuss the guidelines that I would suggest utilizing when growing a small account fine so the very first guideline is begin with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar threat all right each time you double the account so when you go to 100 as much as 200 all right you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there up until we scale our account up a bit bigger the third thing and this is extremely crucial is everyone has a psychological threshold when it comes to just how much cash they’re comfortable running the risk of 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 mathematics says you’re going to begin feeling a little bit emotional about the trades and that’s something that you really want to prevent up until you come comfy doing that all right so say you work your way as much as 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 excessive for you all right you can stroll that pull back to fifty dollars per trade choice that fixed amount as soon as you wish to preserve your capital and simply pick a goal per day on
the cash that you want to make once you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you understand I like to make three that 3 to 5 thousand dollars each week so I’m using you learn about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and then 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 attempt to double my income alright so let’s enter into the bread and butter of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai okay however what I want to do is find an area where I have actually a recently established uptrend first thing that I want to do is recognize my wave count all right so if this is our beginning
very first pullback is 2 biggest waves up to three pullback is four and then the high is five and the way we can look for the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth 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 increase to the high of one if our cost action boils down through