With low exchange costs. 3Commas Okx Usdt Perpetual … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. It likewise uses incredibly high yields sometimes when taking part in staking or saving features.
was founded in 2017 and maintains a head office in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site claims over 20 million users in more than 100 nations. 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 gives you access to trade 343 spot currencies.
Supports margin loaning, making 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 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 insufficient room to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that vary based on trade volume and account holdings. 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 get approved for discounts. Swaps, futures, and choices have their own rate schedules with varying fees.
One huge downside of is that it doesn’t disclose charges for deposits and withdrawals. While much of is transparent, concealed cost details are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check transaction information before continuing. You likely won’t recover any funds if you mistakenly send funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not normally face with traditional banking platforms. The best practices for keeping your monetary accounts safe are similar. These include using strong passwords special 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 the majority of client properties. It likewise has offers 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 anybody beyond the United States. You will find 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 significance that if we’re wrong and it continues moving down we’re selling our position which we wish to take earnings at this level what we want to do is find the difference between these values which’s going to provide us.057 then we’re going to take the dollar quantity threat we want to risk per trade which in this case is ten dollars and we’re going to divide it by the 3Commas Okx Usdt Perpetual
difference in between the entry and the stop all right which’s going to give us the quantity of tokens that we require to purchase in order to run the risk of only 10 dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger 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 all right 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 increase it by the entry price which is this level here fine so in this case we’re going to take 175 coins increased by 3.35 which’s going to provide us 587 dollars then we require to be able to enter this position when we’re utilizing leverage the only thing it’s altering is how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have ten thousand dollars to utilize fine due to the fact that if we just had a hundred dollar account fine this 587 is currently 5x the size of our cash worth of our account which makes it impossible all right so let’s visit purchase bit here let’s say we want to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what occurs when we open up our take advantage of alright and you’re gon na get this warning that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the ideal thing alright 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 ability is altering nothing about the threat profile on the trade alright if you plan on trading anyways utilize the referral Link in the description okay weekly we do a free gift where anyone trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars per week we’re picking three winners a week alright we’re trying to provide the charges that we’re gathering from the affiliate program back into the community for you guys trading with us connect is below you can check out our Discord where we announce the winners alright before we hop into the trading system that you can use to begin taking these trades I want to discuss the guidelines that I would recommend utilizing when growing a small account alright so the first rule is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar danger alright each time you double the account so when you go to 100 approximately 200 okay you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there up until we scale our account up a little bit bigger the third thing and this is super important is everyone has a psychological threshold when it concerns how much money 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 math states you’re going to start feeling a little bit emotional about the trades which’s something that you really want to avoid up until you come comfy doing that all right so say you work your method up to 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you alright you can stroll that back down to fifty dollars per trade pick that fixed amount when you want to preserve your capital and just pick an objective each day on
the cash that you want to make when you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you understand I like to make three that three to 5 thousand dollars per week so I’m using you know about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and then 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 attempt to double my earnings fine so let’s get into the bread and butter of the actual trading this is a system that I’ve 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 all right but what I wish to do is discover a location where I have a freshly established uptrend first thing that I want to do is recognize my wave count okay so if this is our start
very first pullback is two biggest waves up to three pullback is 4 and after that the high is five and the method we can search for the top of 5 is by utilizing a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and after that discover my aspect 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 cost action boils down through