With low exchange costs. Leverage Calculator Okx … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. It also provides incredibly high yields sometimes when participating in staking or saving functions.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance concerns.
You can develop an account that gives you access to trade 343 spot currencies if you’re in a location that works with OKX.
also supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various rates tiers that vary based upon trade volume and account holdings. 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 receive discounts. Alternatives, swaps, and futures have their own rate schedules with varying charges.
One big disadvantage of is that it doesn’t divulge charges for deposits and withdrawals. While much of is transparent, concealed cost information are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so always double-check deal information prior to continuing. You likely will not recover any funds if you unintentionally send funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security issues you do not generally confront with conventional banking platforms. The best practices for keeping your financial accounts secure are comparable. These include utilizing strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for the majority of client possessions. It likewise has deals additional features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wished 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 selling our position and that we wish to take profit at this level what we want to do is discover the distinction in between these values and that’s going to offer us.057 then we’re going to take the dollar amount risk 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 Leverage Calculator Okx
difference between the stop and the entry fine which’s going to provide us the quantity of tokens that we need to buy in order to risk just ten dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to dial in our danger reward 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 quantity alright so that indicates that in order to find the capital requirement or the quantity of cash that we require for this trade we have to take the amount of coins and increase it by the entry price which is this level here alright 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 using leverage the only thing it’s altering is just how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have 10 thousand dollars to utilize okay due to the fact that if we just had a hundred dollar account okay this 587 is already 5x the size of our money worth of our account which makes it impossible all right so let’s visit purchase bit here let’s say we wish 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 watch what happens when we open our utilize 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 risking that 10 dollars you are safe and you’re doing the ideal thing okay so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this leverage ability is altering absolutely nothing about the risk profile on the trade alright if you plan on trading anyways utilize the referral Link in the description all right each week we do a giveaway where anybody trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars per week we’re choosing 3 winners a week alright we’re trying to give the fees that we’re gathering from the affiliate program back into the neighborhood for you men trading with us connect is listed below you can take a look at our Discord where we announce the winners okay before we hop into the trading system that you can utilize to begin taking these trades I want to go over the guidelines that I would recommend using when growing a small account alright so the first rule is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar risk all right each time you double the account so when you go to 100 approximately 200 alright you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there up until we scale our account up a little bit larger the third thing and this is extremely important is everyone has a mental limit when it pertains to how much cash they’re comfortable risking 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 start feeling a little bit psychological about the trades and that’s something that you truly wish to prevent up until you come comfortable doing that all right so state you work your method up to 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can walk that back down to fifty dollars per trade choice that fixed amount as soon as you want to protect your capital and just select an objective per day on
the money that you wish to make once you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to 5 thousand dollars per week so I’m using you learn 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 know a couple years from now go up to a thousand try to make 3 to five thousand per trade and attempt to double my income alright so let’s enter 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 absolutely 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 fine but what I wish to do is discover a location where I have actually a recently developed uptrend first thing that I wish to do is recognize my wave count okay so if this is our beginning
first pullback is 2 biggest waves up to three pullback is four and then the high is 5 and the method we can look for the top of 5 is by using a Fibonacci forecast 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 find my aspect of one and you can see the price 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 rate action comes down through