With low exchange charges. Leverage Trading On Okx … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. It likewise offers incredibly high yields in many cases when participating in staking or saving features.
was founded in 2017 and keeps a head office in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance concerns.
You can create an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
also supports margin borrowing, making 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various prices tiers that differ based upon 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 might receive discounts. Swaps, futures, and alternatives have their own rate schedules with varying charges.
One big disadvantage of is that it does not reveal costs for deposits and withdrawals. While much of is transparent, surprise cost information are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction details before proceeding. If you inadvertently send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security issues you don’t normally confront with traditional banking platforms. The best practices for keeping your financial accounts secure are similar. These include using strong passwords unique 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 cold storage for a lot of client properties. It also has deals additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock exchange 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 want to take profit at this level what we wish to do is discover the distinction in between these values and that’s going to give us.057 then we’re going to take the dollar quantity threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Leverage Trading On Okx
difference between the entry and the stop fine and that’s going to provide us the quantity of tokens that we need to purchase in order to run the risk of only 10 dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to call in our risk reward and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have that set dollar quantity all right so that means that in order to discover the capital requirement or the amount of money that we require for this trade we have to take the amount of coins and multiply it by the entry price which is this level here okay 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 need to be able to enter into this position when we’re using leverage the only thing it’s changing is how much cash we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that indicates now I have ten thousand dollars to utilize alright due to the fact that if we only had a hundred dollar account all right this 587 is already 5x the size of our money worth of our account which makes it impossible fine so let’s go over to buy bit here let’s say 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 occurs when we open up our take advantage of okay and you’re gon na get this warning that the liquidation is high all right as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the best thing okay so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account alright so this take advantage of ability is altering absolutely nothing about the risk profile on the trade okay if you plan on trading anyways utilize the recommendation Link in the description alright weekly we do a free gift where anyone trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars per week we’re picking 3 winners a week alright we’re attempting to offer the costs that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is below you can take a look at our Discord where we reveal the winners okay prior to we hop into the trading system that you can utilize to start taking these trades I wish to review the guidelines that I would suggest utilizing when growing a small account all right so the first rule is start with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat alright each time you double the account so when you go to 100 up to 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 until we scale our account up a bit bigger the 3rd thing and this is incredibly essential is everybody has a mental threshold when it pertains to 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 trades in a row I don’t care who you are or what the mathematics says you’re going to start feeling a little bit psychological about the trades and that’s something that you actually wish to avoid until you come comfy doing that fine so say you work your way up to 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can walk that back down to fifty dollars per trade choice that fixed amount as soon as you want to protect your capital and simply select an objective each day on
the money that you wish to make once you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to 5 thousand dollars per week so I’m utilizing 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 understand a couple years from now move up to a thousand try to make 3 to 5 thousand per trade and try to double my earnings all right so let’s enter into the support of the actual trading this is a system that I have actually 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 all right but what I want to do is find a location where I have actually a freshly established uptrend first thing that I wish to do is identify my wave count okay so if this is our start
first pullback is two biggest waves up to three pullback is 4 and then the high is 5 and the method we can look for the top of 5 is by using 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 find 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 go up to the high of one if our price action comes down through