With low exchange charges. Okx Copy Trading Faq … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. It also offers incredibly high yields in some cases when participating in staking or conserving functions.
was founded in 2017 and keeps a head office in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance issues.
If you remain in a location that works with OKX, you can produce an account that offers you access to trade 343 spot currencies.
also supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you use 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 note them all in our OKX review. 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 may qualify for discounts.
One big disadvantage of is that it does not reveal costs for deposits and withdrawals. While much of is transparent, surprise expense information are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check transaction information prior to proceeding. If you inadvertently send funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some distinct security issues you do not typically confront with standard banking platforms. However, the best practices for keeping your monetary accounts secure are comparable. These consist of using strong passwords distinct to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for most customer possessions. It also has offers extra functions 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. You will discover a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 selling our position and that we wish to take profit at this level what we wish to do is find the distinction between these values which’s going to offer us.057 then we’re going to take the dollar quantity risk we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Copy Trading Faq
difference between the entry and the stop alright 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 all right if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability 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 amount all right so that indicates that in order to discover the capital requirement or the amount of cash that we require for this trade we have to take the quantity of coins and multiply it by the entry rate which is this level here all right 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 get into this position when we’re utilizing take advantage of the only thing it’s changing is just how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that implies now I have ten thousand dollars to use fine since if we just had a hundred dollar account okay this 587 is already 5x the size of our money worth of our account that makes it impossible all right so let’s visit purchase bit here let’s say we want to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what happens when we open up our utilize all right and you’re gon na get this warning that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the ideal thing fine so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account fine so this take advantage of ability is changing absolutely nothing about the danger profile on the trade alright if you plan on trading anyways use the referral Link in the description alright weekly we do a giveaway where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars weekly we’re choosing three winners a week okay we’re attempting to offer the fees that we’re gathering from the affiliate program back into the neighborhood for you people trading with us link is listed 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 want to discuss the rules that I would advise using when growing a small account all right so the first rule is begin with the dollar amount danger 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 up to 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and use that there till we scale our account up a little bit bigger the third thing and this is incredibly essential is everybody has a mental threshold when it pertains to just how much money they’re comfortable running the risk of if I’m looking 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 mathematics states you’re going to begin feeling a bit psychological about the trades and that’s something that you actually want to prevent until you come comfortable doing that alright so say you work your way as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can stroll that pull back to fifty dollars per trade pick that repaired quantity when you want to preserve your capital and just choose a goal daily on
the money that you wish to make once you get up to a comfortable limit where it’s fitting your income goals so for me personally you understand I like to make three that three to 5 thousand dollars weekly 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 know a couple years from now move 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 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 actually definitely 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 wish to do is find a location 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 2 largest 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 using a Fibonacci projection 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 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 price action comes down through