With low exchange charges. Okx Liquidation Price Calculator … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. When getting involved in staking or saving features, it likewise provides remarkably high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance issues.
If you’re in an area that deals with OKX, you can develop an account that gives you access to trade 343 area currencies.
likewise supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you use 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 insufficient space to list them all in our OKX evaluation. 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 certify for discount rates.
One big disadvantage of is that it doesn’t disclose costs for deposits and withdrawals. While much of is transparent, hidden cost information are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check deal details before continuing. You likely will not recuperate any funds if you unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t usually confront with standard banking platforms. The finest practices for keeping your monetary accounts secure are similar. These include using 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 client assets. It also 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 anyone outside of 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 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 want to take revenue at this level what we wish to do is discover the distinction between these values and that’s going to offer us.057 then we’re going to take the dollar quantity threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Liquidation Price Calculator
distinction between the entry and the stop all right and that’s going to give us the quantity of tokens that we require to buy in order to risk just 10 dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger reward and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have that set dollar amount all right 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 increase it by the entry rate which is this level here fine 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 require to be able to get into this position when we’re using utilize the only thing it’s changing is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that implies now I have ten thousand dollars to use okay because if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash worth of our account that makes it difficult all right so let’s go over to purchase bit here let’s say we want to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what happens when we open our leverage fine and you’re gon na get this caution that the liquidation is high all right 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 all right so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account all right so this take advantage of ability is changing absolutely nothing about the threat profile on the trade all right if you intend on trading anyways use the referral Link in the description okay each week we do a giveaway where anybody trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars weekly we’re choosing 3 winners a week okay we’re trying to give the costs that we’re gathering from the affiliate program back into the neighborhood for you men trading with us link is below you can have a look at 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 go over the guidelines that I would recommend utilizing when growing a little account fine 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 ten dollar threat fine each time you double the account so when you go to 100 as much as 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there up until we scale our account up a little bit larger the 3rd thing and this is super important is everyone has a psychological threshold when it concerns just how much cash they’re comfortable running the risk of 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 states you’re going to begin feeling a little bit psychological about the trades and that’s something that you truly wish to avoid until you come comfy doing that okay so say you work your method approximately 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay you can stroll that back down to fifty dollars per trade pick that repaired amount once you wish to protect your capital and simply pick an objective daily on
the money that you wish to make as soon as you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that 3 to five 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 after that I’ll increase it you know a couple years from now go up to a thousand try to make three to 5 thousand per trade and try to double my income alright so let’s enter the support of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was in fact in Dubai all right but what I want to do is discover an area where I have a freshly developed uptrend first thing that I want to do is identify my wave count alright so if this is our start
first pullback is two biggest waves up to 3 pullback is four and after that the high is five and the way we can look for the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and after that discover my factor 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