With low exchange fees. Can You Do Limit Orders On Okx … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. When getting involved in staking or saving functions, it also provides exceptionally high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th biggest 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 an area that works with OKX, you can create an account that provides you access to trade 343 spot currencies.
likewise supports margin loaning, earning cryptocurrency through staking and cost 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that vary based on trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may qualify for discount rates. Choices, swaps, and futures have their own rate schedules with varying charges.
One huge drawback of is that it doesn’t divulge charges 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 cost schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check deal details prior to continuing. If you inadvertently send out funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some special security issues you do not usually confront with standard banking platforms. However, the very best practices for keeping your monetary accounts safe are similar. These include using strong passwords special to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for most customer assets. It likewise has deals extra functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wished to buy 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 offering our position which we wish to take profit at this level what we wish 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 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 Can You Do Limit Orders On Okx
distinction in between the entry and the stop all right which’s going to give us the quantity of tokens that we require to buy in order to risk only ten dollars okay if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our danger benefit and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you require to have that set dollar amount fine so that indicates that in order to discover the capital requirement or the amount of cash that we require for this trade we need to take the quantity of coins and increase it by the entry cost which is this level here okay 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 get into this position when we’re utilizing leverage 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 use a 100x leverage that suggests now I have ten thousand dollars to utilize alright due to the fact that if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account which makes it difficult alright so let’s go over to buy bit here let’s state 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 see what occurs when we open our leverage fine 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 running the risk of that 10 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 entire account okay so this take advantage of capability is changing nothing about the risk profile on the trade alright if you plan on trading anyways utilize the referral Link in the description alright weekly we do a free gift where anyone trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars per week we’re selecting 3 winners a week okay we’re trying to provide the fees that we’re collecting 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 reveal the winners fine prior to we hop into the trading system that you can utilize to begin taking these trades I wish to review the rules that I would advise using when growing a little account alright so the very first guideline is start with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar threat alright each time you double the account so when you go to 100 as much as 200 alright you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there till we scale our account up a bit larger the 3rd thing and this is super crucial is everyone has a psychological limit when it pertains to just how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the mathematics states you’re going to begin feeling a bit psychological about the trades which’s something that you really wish to avoid till you come comfy doing that alright so state you work your method as much as 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can stroll that back down to fifty dollars per trade choice that repaired amount once you wish to protect your capital and just choose a goal each day on
the money that you want to make when you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you understand I like to make three that three to 5 thousand dollars each week so I’m using 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 three to 5 thousand per trade and attempt to double my earnings all right so let’s enter into the bread and butter of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai alright but what I wish to do is discover an area where I have a recently established uptrend first thing that I wish to do is identify my wave count alright so if this is our start
very first pullback is 2 largest waves as much as three pullback is 4 and then the high is 5 and the method we can search for 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 here click back here and then discover 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 increase to the high of one if our cost action boils down through