With low exchange charges. Okx Dual Asset Investment … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. When participating in staking or conserving features, it also provides extremely high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th biggest 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 regulative and compliance issues.
You can develop an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
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 use 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 insufficient 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 big holding in the OKB currency might qualify for discounts.
One big drawback of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, surprise cost information are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details prior to continuing. You likely will not recover any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security issues you don’t normally face with standard banking platforms. However, the very best practices for keeping your financial accounts safe and secure are comparable. These consist of utilizing strong passwords distinct to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for a lot of consumer properties. It likewise has offers extra functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. If you’ve ever signed up 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 which we want to take earnings at this level what we wish to do is find the distinction in between these values which’s going to provide us.057 then we’re going to take the dollar quantity risk 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 Okx Dual Asset Investment
distinction between the stop and the entry all right and that’s going to provide us the amount of tokens that we need to purchase in order to risk just ten dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to call in our danger 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 fine so that suggests that in order to find the capital requirement or the amount of money 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 alright so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give us 587 dollars then we need to be able to get into this position when we’re utilizing leverage the only thing it’s altering is just how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that means now I have 10 thousand dollars to utilize okay because if we only had a hundred dollar account alright this 587 is already 5x the size of our money value of our account that makes it impossible fine so let’s visit purchase bit here let’s state 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 view what happens when we open up our take advantage of alright and you’re gon na get this caution that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the best thing fine so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this utilize ability is changing absolutely nothing about the risk profile on the trade fine if you intend on trading anyways utilize the referral Link in the description fine 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 choosing three winners a week fine we’re trying to give the charges that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us link is below you can check out 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 want to discuss the rules that I would advise utilizing when growing a little account all right so the very first guideline is begin with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account use that ten dollar danger alright each time you double the account so when you go to 100 approximately 200 all right you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there till we scale our account up a bit larger the 3rd thing and this is super essential is everybody has a psychological limit when it concerns just how much cash they’re comfortable risking 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 math states you’re going to begin feeling a bit emotional about the trades which’s something that you actually wish to prevent till you come comfortable doing that alright so say you work your way up to 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can walk that pull back to fifty dollars per trade choice that fixed quantity once you want to protect your capital and simply select 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 three that three to five thousand dollars each week so I’m utilizing 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 understand a couple years from now go up to a thousand shot to make 3 to five thousand per trade and try to double my earnings okay so let’s enter into the bread and butter of the real 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 reveal you among the setups that I had on xrp when I was in fact in Dubai all right but what I wish to do is find an area where I have actually a freshly developed uptrend first thing that I want to do is recognize my wave count alright so if this is our beginning
very first pullback is 2 largest waves approximately three pullback is 4 and after that the high is five and the method we can search for 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 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 increase to the high of one if our cost action comes down through