With low exchange fees. Can You Cancel A Limit Order On Okx Pro … With an account at, you can quickly purchase crypto utilizing a card, checking account, or mobile wallet. When getting involved in staking or conserving features, it also offers exceptionally high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site 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 create an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
also supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your main 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:
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might qualify for discount rates.
One big drawback of is that it does not reveal costs for deposits and withdrawals. While much of is transparent, surprise cost information are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check transaction information prior to proceeding. You likely won’t recuperate any funds if you unintentionally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you do not typically face with standard banking platforms. However, the best practices for keeping your financial accounts safe are similar. These consist of using strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for many client properties. It also has deals extra features like the capability 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 have actually ever registered for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
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 selling our position and that we wish to take revenue at this level what we want to do is find the distinction in between these values and that’s going to provide us.057 then we’re going to take the dollar quantity danger we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Can You Cancel A Limit Order On Okx Pro
distinction between the entry and the stop all right and that’s going to provide us the amount of tokens that we require to purchase in order to run the risk of just ten dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our threat reward and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you require to have actually that set dollar amount fine so that means that in order to find the capital requirement or the amount of cash that we need for this trade we have to take the amount of coins and multiply it by the entry cost which is this level here okay so in this case we’re going to take 175 coins increased by 3.35 and that’s going to offer us 587 dollars then we require to be able to enter this position when we’re using leverage the only thing it’s changing is how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that indicates now I have 10 thousand dollars to utilize okay since if we just had a hundred dollar account alright this 587 is already 5x the size of our cash worth of our account that makes it impossible okay so let’s go over to buy bit here let’s say we wish to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what occurs when we open our leverage fine and you’re gon na get this caution that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing okay so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account fine so this leverage capability is changing nothing about the danger profile on the trade fine if you intend on trading anyways use the referral Link in the description okay weekly we do a free gift where anybody trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars each week we’re picking 3 winners a week okay we’re attempting to provide the fees that we’re gathering from the affiliate program back into the neighborhood for you people trading with us link is listed below you can have a look at our Discord where we reveal the winners alright prior to we hop into the trading system that you can use to start taking these trades I want to go over the guidelines that I would recommend using when growing a little account all right so the very first rule is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar risk all right each time you double the account so when you go to 100 approximately 200 alright you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there until we scale our account up a bit larger the third thing and this is incredibly crucial is everyone has a psychological limit when it comes to how much cash they’re comfortable running the risk of 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 says you’re going to begin feeling a bit emotional about the trades and that’s something that you really want to avoid up until you come comfortable doing that alright so say you work your way as much as 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 back down to fifty dollars per trade pick that repaired amount when you want to maintain your capital and just pick an objective per day on
the money that you want to make once you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to 5 thousand dollars each week so I’m utilizing you understand about 2.5 percent of my entire 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 shot 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 have actually been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai okay however what I want to do is find a location where I have actually a freshly developed uptrend first thing that I want to do is recognize my wave count fine so if this is our start
very first pullback is two biggest waves approximately 3 pullback is four and after that the high is five and the way we can try to find 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 after that discover my aspect 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 go up to the high of one if our rate action boils down through