With low exchange fees. Okx Scalping … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. When getting involved in staking or conserving features, it also uses exceptionally high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional offices worldwide. 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 regulatory and compliance concerns.
You can develop an account that provides you access to trade 343 area currencies if you’re in an area that works with OKX.
Supports margin borrowing, earning 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 use 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 insufficient space to list 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 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. Alternatives, swaps, and futures have their own rate schedules with varying charges.
One huge downside of is that it does not divulge charges for withdrawals and deposits. While much of is transparent, concealed cost information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check deal details before continuing. If you accidentally send out 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 standard banking platforms. The best practices for keeping your monetary accounts safe and secure are similar. These include using strong passwords unique 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 freezer for most consumer assets. It likewise has offers additional features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted to buy 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 discover the difference between these values and that’s going to give us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Scalping
difference in between the stop and the entry all right which’s going to provide us the quantity of tokens that we require to buy in order to risk only ten dollars fine 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 benefit and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar amount all right so that means that in order to discover the capital requirement or the amount of money that we require for this trade we need to take the amount of coins and multiply it by the entry cost 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 give us 587 dollars then we require to be able to enter this position when we’re utilizing leverage the only thing it’s altering is 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 suggests now I have ten thousand dollars to use all right because if we only had a hundred dollar account alright this 587 is already 5x the size of our money worth of our account that makes it difficult fine so let’s go over to purchase bit here let’s state we want to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what takes place when we open our take advantage of alright and you’re gon na get this caution that the liquidation is high okay 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 best thing fine so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account fine so this leverage ability is changing nothing about the threat profile on the trade alright if you intend on trading anyways utilize the referral Link in the description okay every week we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars each week we’re choosing three winners a week alright we’re trying to offer the costs that we’re collecting from the affiliate program back into the neighborhood for you men trading with us connect is below you can check out our Discord where we announce the winners all right prior to we hop into the trading system that you can use to begin taking these trades I wish to discuss the rules that I would advise utilizing when growing a little account alright so the very first rule is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk alright each time you double the account so when you go to 100 as much as 200 all right you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there till we scale our account up a bit bigger the third thing and this is very essential is everybody has a psychological threshold when it concerns 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 start feeling a little bit psychological about the trades and that’s something that you truly wish to prevent until you come comfortable doing that all right so state you work your method approximately 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can stroll that back down to fifty dollars per trade choice that repaired amount when you wish to protect your capital and simply select a goal each day on
the money that you want to make when you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you understand I like to make three that three 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 move up to a thousand try to make three to five thousand per trade and attempt to double my income okay so let’s enter the support of the actual trading this is a system that I have actually been trading the marketplaces 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 fine however what I want to do is find an area where I have actually a freshly established uptrend first thing that I wish to do is recognize my wave count alright so if this is our start
very first pullback is 2 largest waves up to three pullback is four and then the high is five and the way 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 value I’m gon na click here 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 increase to the high of one if our price action comes down through