With low exchange fees. Okx Product Manager … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. It likewise uses remarkably high yields sometimes when participating in staking or saving features.
was founded in 2017 and preserves a head office in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance concerns.
If you’re in a location that deals with OKX, you can develop an account that gives you access to trade 343 spot currencies.
likewise supports margin loaning, making cryptocurrency through staking and cost 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 inadequate space 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 different prices 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 large holding in the OKB currency may receive discount rates. Swaps, options, and futures have their own rate schedules with varying charges.
One huge disadvantage of is that it doesn’t reveal charges for withdrawals and deposits. While much of is transparent, hidden cost information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction information prior to continuing. If you mistakenly send out funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some distinct security issues you don’t usually face with standard banking platforms. However, the best practices for keeping your financial accounts safe are comparable. These consist of utilizing strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for most consumer properties. It also 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 anybody beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wanted 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 selling our position and that we wish to take profit at this level what we want to do is find the distinction between these values and that’s going to provide us.057 then we’re going to take the dollar amount threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Product Manager
difference between the entry and the stop okay and that’s going to give us the quantity of tokens that we require to buy in order to run the risk of only 10 dollars all right if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our threat reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have actually that set dollar amount alright so that implies that in order to discover the capital requirement or the amount of cash that we need for this trade we have to take the quantity of coins and multiply it by the entry cost which is this level here alright 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 require to be able to get into this position when we’re utilizing leverage the only thing it’s altering is how much money we personally require to take into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have 10 thousand dollars to utilize all right due to the fact that if we only had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account that makes it difficult okay so let’s visit buy bit here let’s say we wish to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open up our leverage okay and you’re gon na get this warning that the liquidation is high alright 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 ideal thing alright so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account alright so this take advantage of ability is altering absolutely nothing about the threat profile on the trade all right if you intend on trading anyways utilize the referral Link in the description okay weekly we do a giveaway where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars weekly we’re selecting three winners a week okay we’re attempting to provide the charges that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link is below you can take a look at our Discord where we reveal the winners all right prior to we hop into the trading system that you can utilize to begin taking these trades I want to discuss the rules that I would recommend utilizing when growing a little account all right so the first rule is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat alright each time you double the account so when you go to 100 up to 200 okay you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and utilize that there until we scale our account up a bit bigger the 3rd thing and this is super important is everyone has a psychological threshold when it comes to just how much cash they’re comfortable risking if I’m taking a look 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 begin feeling a little bit psychological about the trades and that’s something that you actually want to prevent until you come comfy doing that alright so say 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 which’s too much for you all right you can walk that pull back to fifty dollars per trade choice that fixed amount when you want to maintain your capital and simply choose a goal per day on
the money that you want to make as soon as you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you know I like to make three that 3 to 5 thousand dollars per week so I’m using you understand about 2.5 percent of my entire 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 move up to a thousand try to make three to 5 thousand per trade and attempt to double my earnings alright 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 actually absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was actually in Dubai alright however what I want to do is discover an area where I have a recently developed uptrend first thing that I wish to do is identify my wave count okay so if this is our beginning
first pullback is two largest waves as much as 3 pullback is 4 and then the high is five and the method we can search for the top of five is by using 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 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 cost action comes down through