With low exchange fees. Can You Set A Buy Price On Okx … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. It also offers incredibly high yields sometimes when taking part in staking or conserving features.
was founded in 2017 and preserves a head office in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance issues.
You can produce an account that gives you access to trade 343 spot currencies if you’re in an area that works with OKX.
likewise supports margin loaning, 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to note 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 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 may qualify for discounts. Choices, futures, and swaps have their own rate schedules with differing fees.
One big disadvantage of is that it does not reveal fees for deposits and withdrawals. While much of is transparent, concealed expense information are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check transaction information prior to continuing. You likely won’t recuperate any funds if you unintentionally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you don’t usually face with conventional banking platforms. However, the best practices for keeping your financial accounts protected are comparable. These include utilizing strong passwords unique 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 freezer for most customer properties. It likewise has offers 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 anyone beyond the United States. You will discover 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 which we wish to take profit at this level what we want to do is discover the difference in between these values which’s going to give us.057 then we’re going to take the dollar quantity threat we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Can You Set A Buy Price On Okx
difference in between the entry and the stop all right which’s going to provide us the amount of tokens that we require to buy in order to risk just 10 dollars okay if we’re just sharing 250 coins or a thousand coins we’re never going to be able to dial in our threat benefit 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 quantity alright so that suggests 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 price 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 provide us 587 dollars then we require to be able to get into this position when we’re using utilize 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 utilize that suggests now I have ten thousand dollars to use alright because if we just had a hundred dollar account fine this 587 is already 5x the size of our money value of our account which makes it impossible fine so let’s visit buy bit here let’s state 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 enjoy what takes place when we open our utilize alright and you’re gon na get this warning that the liquidation is high all right 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 alright so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account okay so this utilize capability is changing nothing about the threat profile on the trade fine if you intend on trading anyways use the recommendation Link in the description okay weekly 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 choosing 3 winners a week all right we’re attempting to offer the costs that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us connect is listed below you can check out our Discord where we reveal the winners fine before we hop into the trading system that you can utilize to start taking these trades I want to discuss the guidelines that I would advise utilizing when growing a small account all right so the first guideline is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger fine each time you double the account so when you go to 100 as much as 200 okay you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and use that there till we scale our account up a bit bigger the 3rd thing and this is incredibly crucial is everyone has a mental threshold when it pertains to how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the mathematics states you’re going to begin feeling a bit emotional about the trades and that’s something that you truly wish to prevent up until you come comfy doing that alright so state you work your way as much as 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can stroll that back down to fifty dollars per trade choice that repaired quantity as soon as you wish to maintain your capital and just pick 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 income objectives so for me personally you know I like to make three that 3 to five 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 go up to a thousand shot to make 3 to 5 thousand per trade and try to double my earnings alright so let’s get into 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 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 all right however what I wish to do is find a location where I have a freshly established uptrend first thing that I want to do is identify my wave count alright so if this is our start
first pullback is 2 largest waves approximately 3 pullback is four and after that the high is five and the way we can search for the top of 5 is by using a Fibonacci projection off of our one wave so if this is our one value 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 increase to the high of one if our price action boils down through