With low exchange charges. How To Lower Liquidation Price Okx … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. It also offers exceptionally high yields in many cases when taking part in staking or conserving functions.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices worldwide. 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 do not take users from the United States due to regulatory and compliance concerns.
If you’re in an area that works with OKX, you can produce an account that provides you access to trade 343 area currencies.
likewise supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to note 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 large holding in the OKB currency might qualify for discount rates.
One huge downside of is that it does not disclose fees for deposits and withdrawals. While much of is transparent, hidden cost information are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal details before continuing. If you mistakenly send out funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security issues you do not usually confront with standard banking platforms. The best practices for keeping your monetary accounts safe and secure are comparable. These consist of using strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for most consumer assets. 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 simple for anybody outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock exchange 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 significance that if we’re wrong and it continues moving down we’re selling our position which we wish to take profit at this level what we want to do is discover the difference in between these worths and that’s going to provide us.057 then we’re going to take the dollar amount danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the How To Lower Liquidation Price Okx
distinction in between the stop and the entry fine and that’s going to give us the amount of tokens that we need to purchase in order to run the risk of only 10 dollars okay if we’re just going in with 250 coins or a thousand coins we’re never going to be able to call in our danger benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you require to have actually that set dollar quantity okay so that implies that in order to find the capital requirement or the quantity of cash that we need for this trade we have to take the quantity of coins and increase it by the entry cost which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we need to be able to enter this position when we’re using leverage the only thing it’s changing is just how much cash we personally need 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 use okay because if we just had a hundred dollar account fine this 587 is currently 5x the size of our money value of our account which makes it difficult fine so let’s visit purchase bit here let’s say we want to take this ape trade here okay 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 take advantage of alright 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 fine so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account fine so this take advantage of ability is altering absolutely nothing about the risk profile on the trade all right if you plan on trading anyways utilize the referral Link in the description okay weekly we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars weekly we’re picking three winners a week alright we’re attempting to offer the fees that we’re collecting from the affiliate program back into the community for you people trading with us link is listed below you can have a look at our Discord where we reveal the winners alright before we hop into the trading system that you can use to begin taking these trades I wish to review the rules that I would recommend using when growing a small account all right so the first rule is begin with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat fine each time you double the account so when you go to 100 as much as 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 up until we scale our account up a bit larger the 3rd thing and this is super essential is everybody has a mental threshold when it comes to how much money they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the math says you’re going to start feeling a bit psychological about the trades and that’s something that you actually wish to avoid till you come comfortable doing that fine so state you work your method up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can walk that back down to fifty dollars per trade choice that repaired quantity once you want to preserve your capital and just pick an objective per day on
the cash that you wish to make when you get up to a comfy limit where it’s fitting your income objectives so for me personally you know I like to make three that 3 to five thousand dollars per week so I’m utilizing you know 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 understand a couple years from now move up to a thousand shot to make three to 5 thousand per trade and try to double my earnings okay so let’s enter 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 definitely 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 however what I wish to do is find a location where I have actually a freshly established uptrend first thing that I wish to do is determine my wave count alright so if this is our start
very first pullback is two biggest waves as much as three pullback is 4 and after that the high is five and the method we can look for the top of five is by utilizing 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 then find my element 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 increase to the high of one if our rate action comes down through