With low exchange charges. Okx Daily Volume … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. When taking part in staking or saving features, it also offers exceptionally high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra offices around the globe. 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 regulative and compliance concerns.
If you remain in a location that works with OKX, you can create an account that provides you access to trade 343 area currencies.
likewise supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 inadequate room to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might certify for discount rates.
One big disadvantage of is that it doesn’t divulge charges for deposits and withdrawals. While much of is transparent, hidden cost information are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check deal details prior to continuing. You likely won’t recuperate any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t generally face with conventional banking platforms. However, the very best practices for keeping your monetary accounts safe and secure are similar. These include utilizing 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, consisting of cold storage for many consumer possessions. It also has deals additional features like the ability to set up 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’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 earnings at this level what we wish to do is discover the difference between these values which’s going to offer us.057 then we’re going to take the dollar quantity threat we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Daily Volume
distinction between the entry and the stop alright and that’s going to provide us the amount of tokens that we require to purchase in order to risk just 10 dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to call 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 alright so that indicates that in order to find the capital requirement or the amount of money that we need for this trade we have to take the quantity of coins and multiply it by the entry rate which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we need to be able to get into this position when we’re using utilize the only thing it’s altering is how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x utilize that suggests now I have 10 thousand dollars to use alright because if we just had a hundred dollar account fine this 587 is already 5x the size of our money value of our account that makes it impossible all right so let’s visit buy 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 watch what happens when we open up our leverage okay 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 ten dollars you are safe and you’re doing the right thing all right so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account okay so this leverage ability is changing absolutely nothing about the threat profile on the trade all right if you intend on trading anyways use the referral Link in the description alright every week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars per week we’re selecting 3 winners a week fine we’re attempting to offer the costs that we’re gathering from the affiliate program back into the community for you guys trading with us link is listed below you can have a look at our Discord where we reveal the winners okay prior to we hop into the trading system that you can use to begin taking these trades I want to discuss the rules that I would advise utilizing when growing a little account all right 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 10 dollar risk fine each time you double the account so when you go to 100 up to 200 all right you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and use that there up until we scale our account up a bit larger the third thing and this is extremely important is everyone has a psychological threshold when it comes to just 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 sell 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 truly wish to avoid till you come comfy doing that okay so state you work your method approximately 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can stroll that pull back to fifty dollars per trade choice that repaired amount when you want to protect your capital and simply pick an objective per day on
the money that you wish to make once 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 weekly so I’m using you understand 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 try to double my earnings all right so let’s get into the bread and butter of the actual 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 okay however what I wish to do is find an area where I have a newly established uptrend first thing that I wish to do is recognize my wave count fine so if this is our start
very first pullback is 2 largest waves as much as three pullback is 4 and then the high is five and the method we can search for the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click on this link click back here and then 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 go up to the high of one if our cost action comes down through