With low exchange charges. Okx Livery … With an account at, you can easily buy crypto utilizing a card, bank account, or mobile wallet. It also offers incredibly high yields in many cases when participating in staking or conserving features.
was founded in 2017 and keeps a head office in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance issues.
If you remain in a location that deals with OKX, you can develop an account that offers you access to trade 343 area currencies.
likewise supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might 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 insufficient space to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that differ based on trade volume and account holdings. For area 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. Futures, swaps, and options have their own rate schedules with varying fees.
One huge downside of is that it does not disclose charges for deposits and withdrawals. While much of is transparent, covert expense details are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check deal information prior to proceeding. If you unintentionally send funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security issues you do not typically face with traditional banking platforms. The best practices for keeping your monetary accounts safe and secure are similar. These consist of using strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for the majority of customer assets. It also has deals extra functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of the United States. If you have actually ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wished to purchase 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 and that we want to take profit at this level what we wish to do is find the difference in between these worths and that’s going to offer us.057 then we’re going to take the dollar quantity danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Livery
distinction between the stop and the entry all right which’s going to give us the amount of tokens that we need to purchase in order to risk only ten 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 absolutely screw yourself so ensure that you’re not doing that you need to have that set dollar quantity okay so that implies that in order to find the capital requirement or the quantity 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 all right so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give us 587 dollars then we need to be able to enter into this position when we’re utilizing leverage the only thing it’s changing is just how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that means now I have ten thousand dollars to utilize alright because if we only had a hundred dollar account all right this 587 is already 5x the size of our cash worth of our account which 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 view what takes place when we open our leverage okay and you’re gon na get this caution that the liquidation is high alright 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 alright so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account fine so this utilize capability is altering nothing about the danger profile on the trade all right if you plan on trading anyways use the referral Link in the description all right every week we do a free gift where anyone trading with 50k volume or greater is
going to be instantly entered to win a hundred dollars weekly we’re picking three winners a week alright we’re attempting to provide the fees that we’re gathering from the affiliate program back into the community for you guys trading with us link is below you can have a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can use to begin taking these trades I wish to discuss the guidelines that I would advise utilizing when growing a small account okay so the first guideline is begin with the dollar amount threat per trade 10 of starting balance on a hundred dollar account use that ten dollar risk fine each time you double the account so when you go to 100 up to 200 okay you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there up until we scale our account up a little bit bigger the third thing and this is incredibly essential is everyone has a mental limit when it concerns how much cash they’re comfortable running the risk of 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 start feeling a bit psychological about the trades which’s something that you actually wish to prevent until you come comfortable doing that okay 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 excessive for you all right you can stroll that back down to fifty dollars per trade pick that repaired quantity when you wish to preserve your capital and just select an objective each day on
the money that you wish to make once you get up to a comfy limit where it’s fitting your earnings goals so for me personally you understand I like to make three that 3 to five thousand dollars each week so I’m utilizing you know 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 move up to a thousand try to make 3 to 5 thousand per trade and try to double my income alright so let’s get into the bread and butter of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have actually definitely 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 however what I wish to do is discover an area where I have actually a recently developed uptrend first thing that I want to do is identify my wave count okay so if this is our start
very first pullback is two biggest waves approximately three pullback is four and then the high is 5 and the method we can try to find the top of 5 is by utilizing 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 factor of one and you can see the rate 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 rate action boils down through