With low exchange costs. Okx Apex Pro … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. When participating in staking or conserving features, it likewise uses exceptionally high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website claims 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 gives you access to trade 343 spot currencies if you’re in an area that works with OKX.
also supports margin loaning, making 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 main location 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 overall.
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 might qualify for discount rates.
One big disadvantage of is that it doesn’t divulge fees for withdrawals and deposits. While much of is transparent, surprise expense details are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check transaction details prior to continuing. If you mistakenly send funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security concerns you don’t usually face with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts safe and secure are comparable. These include using strong passwords distinct 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 many consumer possessions. It likewise 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 signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wanted to purchase 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 want to do is find the distinction in between these values and that’s going to offer us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Apex Pro
difference between the entry and the stop alright which’s going to provide us the quantity of tokens that we need to purchase in order to risk just ten dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to dial in our threat benefit and you’re going to absolutely screw yourself so make certain that you’re not doing that you need to have actually that set dollar quantity fine so that means that in order to find the capital requirement or the amount of cash that we require 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 need to be able to enter into this position when we’re utilizing utilize the only thing it’s changing is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x utilize that means now I have 10 thousand dollars to utilize all right because if we only had a hundred dollar account fine this 587 is already 5x the size of our cash worth of our account which makes it impossible alright so let’s go over to purchase bit here let’s state we wish 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 watch what happens when we open our utilize alright and you’re gon na get this warning that the liquidation is high okay 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 alright so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account okay so this leverage capability is altering absolutely nothing about the risk profile on the trade fine if you plan on trading anyways use 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 immediately gotten in to win a hundred dollars each week we’re selecting three winners a week all right we’re trying to provide the charges that we’re collecting from the affiliate program back into the community for you people trading with us link is listed below you can have a look at our Discord where we reveal the winners alright prior to we hop into the trading system that you can use to begin taking these trades I wish to go over the rules that I would advise using when growing a little account fine so the very first rule is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat all right each time you double the account so when you go to 100 approximately 200 alright you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there till we scale our account up a little bit bigger the 3rd thing and this is super important is everybody has a psychological limit when it pertains to how much money they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose three trades in 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 truly wish to avoid until you come comfy doing that okay so say you work your method up to 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can stroll that back down to fifty dollars per trade pick that fixed amount as soon as you wish to maintain your capital and simply pick an objective daily on
the cash that you want to make when you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you understand I like to make three that 3 to five thousand dollars weekly 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 go up to a thousand shot to make three to five thousand per trade and attempt to double my earnings all right so let’s enter the bread and butter of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually absolutely 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 okay however what I wish to do is discover an area where I have a recently established uptrend first thing that I want to do is recognize my wave count alright so if this is our start
very first pullback is 2 largest waves up to 3 pullback is four and then the high is five and the method we can search for the top of five 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 discover my factor 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 cost action boils down through