With low exchange fees. Okx Calculate Liquidation Price … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. When getting involved in staking or conserving features, it likewise provides extremely high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet 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 regulatory and compliance issues.
You can produce an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might 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 inadequate room to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
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 certify for discounts.
One big drawback of is that it does not disclose costs for deposits and withdrawals. While much of is transparent, hidden expense information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check transaction information before continuing. You likely won’t recuperate any funds if you accidentally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t typically face with conventional banking platforms. However, the very best practices for keeping your financial accounts protected are similar. These consist of utilizing strong passwords distinct to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for many customer assets. It also has deals additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of 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 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 selling our position which we want to take earnings 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 amount danger 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 Okx Calculate Liquidation Price
difference between the stop and the entry okay which’s going to provide us the quantity of tokens that we require to purchase in order to run the risk of just ten dollars fine if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our risk reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar amount all right so that suggests that in order to find the capital requirement or the quantity of cash that we require for this trade we have to take the amount of coins and increase it by the entry price which is this level here all right 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 into this position when we’re utilizing leverage the only thing it’s altering is just how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x utilize that means now I have ten thousand dollars to utilize alright because if we just had a hundred dollar account alright this 587 is currently 5x the size of our money value of our account which makes it difficult alright so let’s visit purchase bit here let’s state we wish to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open our take advantage of alright 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 ideal thing alright so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account alright so this leverage capability is altering absolutely nothing about the danger profile on the trade alright if you intend on trading anyways utilize the recommendation Link in the description all right weekly we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars weekly we’re picking 3 winners a week fine we’re attempting to offer the costs that we’re collecting from the affiliate program back into the community for you guys trading with us connect is listed below you can have a look at our Discord where we announce the winners fine prior to we hop into the trading system that you can use to begin taking these trades I want to discuss the rules that I would suggest utilizing when growing a small account fine so the very first guideline is begin with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk okay each time you double the account so when you go to 100 as much as 200 all right you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there up until we scale our account up a little bit larger the 3rd thing and this is very important is everybody has a mental limit when it concerns 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 mathematics states you’re going to start feeling a little bit psychological about the trades which’s something that you truly wish to prevent till you come comfy doing that alright so state you work your way approximately 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 alright you can stroll that back down to fifty dollars per trade choice that repaired quantity when you want to protect your capital and simply choose a goal each day on
the money that you wish to make once you get up to a comfy threshold where it’s fitting your income goals so for me personally you understand 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 go up to a thousand try to make three to 5 thousand per trade and attempt to double my income alright so let’s get into the support of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have absolutely 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 all right however what I want to do is find a location where I have actually a newly developed uptrend first thing that I want to do is identify my wave count alright so if this is our start
very first pullback is two largest waves approximately three pullback is four and then the high is 5 and the way we can search for the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click on this link click back here and then find my element 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 go up to the high of one if our rate action boils down through