With low exchange charges. Okx I Can’t Sell Short With Limit Ordr … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. It also offers exceptionally high yields sometimes when taking part in staking or conserving functions.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 countries. 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.
Supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various pricing 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 qualify for discount rates. Alternatives, swaps, and futures have their own rate schedules with varying costs.
One huge drawback of is that it doesn’t reveal costs for deposits and withdrawals. While much of is transparent, hidden cost details are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check transaction information prior to proceeding. You likely will not recover any funds if you unintentionally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security issues you don’t usually face with traditional banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe are similar. These consist of utilizing strong passwords unique to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for many client assets. It likewise has offers additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. You will find a familiar experience at OKX if you’ve 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 offering our position which we wish to take earnings at this level what we want to do is find the distinction in between these worths which’s going to provide 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 I Can’t Sell Short With Limit Ordr
distinction in between the stop and the entry okay which’s going to give us the quantity of tokens that we require to purchase in order to run the risk of just ten dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our threat reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar amount alright so that means 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 increase it by the entry cost which is this level here all right 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 require to be able to get into this position when we’re using take advantage of 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 utilize a 100x leverage that implies now I have ten thousand dollars to utilize okay because if we only had a hundred dollar account okay this 587 is already 5x the size of our cash worth of our account that makes it impossible okay so let’s visit purchase bit here let’s say we wish to take this ape trade here okay 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 take advantage of okay 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 ten dollars you are safe and you’re doing the right thing alright so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account fine so this leverage capability is altering absolutely nothing about the risk profile on the trade all right if you plan on trading anyways use the referral Link in the description okay 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 choosing 3 winners a week alright we’re trying to give the charges that we’re gathering from the affiliate program back into the neighborhood for you men trading with us link is below you can check out our Discord where we reveal the winners fine before we hop into the trading system that you can use to start taking these trades I wish to review the guidelines that I would recommend using when growing a little account alright so the first rule is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar threat fine each time you double the account so when you go to 100 up to 200 okay you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy 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 essential is everyone has a mental threshold when it concerns just how much money they’re comfortable risking if I’m looking 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 math says you’re going to begin feeling a little bit emotional about the trades which’s something that you really want to avoid until you come comfy doing that all right so state you work your method up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can walk that back down to fifty dollars per trade choice that repaired quantity as soon as you want to preserve your capital and just pick an objective each day on
the cash 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 3 that three to five thousand dollars per week 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 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 try to double my income okay so let’s enter the bread and butter of the real 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 among the setups that I had on xrp when I was really in Dubai all right but what I want to do is discover an area where I have actually a recently developed uptrend first thing that I want to do is recognize my wave count alright so if this is our start
very first pullback is two biggest waves as much as three pullback is four and then the high is five and the way 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 worth I’m gon na click here click back here and after that discover 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 cost action comes down through