With low exchange costs. Can You Set Auto Sell On Okx … With an account at, you can quickly buy crypto utilizing a card, checking account, or mobile wallet. It likewise offers extremely high yields in many cases when participating in staking or saving features.
was founded in 2017 and keeps a head office in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
You can develop an account that gives you access to trade 343 spot currencies if you’re in an area that works with OKX.
also supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might 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 room 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 rates 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 may receive discounts. Swaps, choices, and futures have their own rate schedules with varying charges.
One huge drawback of is that it doesn’t reveal fees for deposits and withdrawals. While much of is transparent, hidden expense details are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check transaction information prior to proceeding. You likely will not recover any funds if you mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you don’t typically confront with traditional banking platforms. The best practices for keeping your financial accounts safe and secure are similar. These consist of utilizing strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for many customer assets. It also has offers extra functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of the United States. If you have actually ever signed up 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 wish to take profit at this level what we wish to do is discover the difference between these values and that’s going to offer us.057 then we’re going to take the dollar quantity risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Can You Set Auto Sell On Okx
difference in between the entry and the stop all right which’s going to offer us the quantity of tokens that we need to purchase in order to run the risk of only 10 dollars okay if we’re just sharing 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 absolutely screw yourself so make sure that you’re refraining from doing that you require to have actually that set dollar quantity okay so that indicates that in order to discover the capital requirement or the amount of money that we need for this trade we need to take the quantity of coins and multiply it by the entry price which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give 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 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 means now I have ten thousand dollars to utilize all right since if we just had a hundred dollar account okay this 587 is currently 5x the size of our cash worth of our account which makes it difficult fine so let’s go over to purchase bit here let’s state we wish to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what happens when we open up our utilize fine and you’re gon na get this warning that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the ideal thing alright so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account alright so this utilize ability is changing nothing about the risk profile on the trade all right if you intend on trading anyways utilize the referral Link in the description fine weekly we do a giveaway 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 three winners a week all right we’re attempting to provide the fees 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 fine before we hop into the trading system that you can use to start taking these trades I want to discuss the rules that I would advise utilizing when growing a little account okay so the very first rule is begin with the dollar amount threat per trade 10 of starting balance on a hundred dollar account use that ten dollar risk okay each time you double the account so when you go to 100 up to 200 fine you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there up until we scale our account up a bit bigger the third thing and this is extremely crucial is everybody has a psychological threshold when it concerns just 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 says you’re going to start feeling a little bit emotional about the trades which’s something that you truly wish to avoid till you come comfortable doing that alright so state you work your way approximately 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 pick that repaired amount as soon as you want to preserve your capital and simply select a goal each day on
the cash that you wish to make when you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you know I like to make three that 3 to 5 thousand dollars per week so I’m utilizing 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 try to make 3 to five thousand per trade and try to double my income fine so let’s get into the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was actually in Dubai okay but what I want to do is find a location where I have a newly established uptrend first thing that I want to do is recognize my wave count fine so if this is our start
first pullback is 2 biggest waves as much as three pullback is 4 and after that the high is five and the way we can try to find 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 after that 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 go up to the high of one if our cost action boils down through