With low exchange charges. How Much Can You Invest In Okx … With an account at, you can quickly buy crypto utilizing a card, bank account, or mobile wallet. When participating in staking or conserving functions, it also provides extremely high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website 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 develop an account that gives you access to trade 343 area currencies.
Supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, 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 primary location 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 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 may certify for discount rates.
One huge disadvantage of is that it doesn’t disclose costs for withdrawals and deposits. While much of is transparent, concealed cost details are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check deal information before continuing. You likely won’t recuperate any funds if you unintentionally send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you do not typically confront with traditional banking platforms. The finest practices for keeping your financial accounts safe are similar. These include using strong passwords distinct 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 freezer for a lot of client possessions. It also has deals extra features like the ability to establish 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 signed up for another cryptocurrency exchange or stock exchange 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 distinction between these values and that’s going to give us.057 then we’re going to take the dollar amount threat we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the How Much Can You Invest In Okx
difference between the entry and the stop okay and that’s going to offer us the quantity of tokens that we require to buy in order to run the risk of just ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our danger benefit and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have that set dollar quantity okay so that implies that in order to discover the capital requirement or the quantity of money that we need for this trade we have to take the quantity of coins and increase it by the entry rate which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 and that’s going to offer us 587 dollars then we require to be able to enter this position when we’re utilizing take advantage of the only thing it’s altering is just how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have ten thousand dollars to utilize all right because if we only had a hundred dollar account fine this 587 is currently 5x the size of our money worth of our account that makes it difficult okay so let’s visit buy bit here let’s state we want 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 take advantage of all right 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 running the risk of that ten dollars you are safe and you’re doing the right thing fine so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account okay so this take advantage of capability is changing absolutely nothing about the risk 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 giveaway where anybody trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars weekly we’re picking 3 winners a week okay we’re attempting to offer the charges that we’re collecting from the affiliate program back into the community for you guys trading with us connect is listed below you can have a look at our Discord where we announce the winners fine prior to we hop into the trading system that you can use to begin taking these trades I want to review the rules that I would suggest utilizing when growing a little account all right so the first rule is start with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat alright each time you double the account so when you go to 100 approximately 200 fine you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable 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 very important is everybody has a psychological threshold when it pertains 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 math says you’re going to begin feeling a bit psychological about the trades and that’s something that you really wish to avoid up until you come comfortable doing that alright so say you work your way as much as 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can walk that back down to fifty dollars per trade pick that repaired quantity once you wish to maintain your capital and just pick an objective each day on
the cash that you wish 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 3 that 3 to five thousand dollars each week so I’m utilizing you learn about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you know a couple years from now go up to a thousand shot to make three to five thousand per trade and attempt to double my income all right so let’s enter 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 show 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 find an area where I have actually a recently established uptrend first thing that I wish to do is determine my wave count alright so if this is our start
very first pullback is two biggest waves up to 3 pullback is 4 and then the high is five and the method we can try to find the top of 5 is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and then find my element of one and you can see the rate 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 rate action boils down through