What are the most effective ways to monitor volume on FTX for digital currency trading?

3 answers

• Dec 18, 2021 · 3 years ago
  One effective method for monitoring volume on FTX is to use the volume indicator provided by the platform. This indicator shows the total volume of trades executed on FTX for a specific digital currency. By keeping an eye on the volume indicator, traders can get a sense of the market liquidity and the level of interest in a particular digital currency. This information can be valuable for making informed trading decisions.
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• Dec 18, 2021 · 3 years ago
  Another way to monitor volume on FTX is to use third-party trading tools that provide volume data for FTX. These tools often offer more advanced features and customizable settings compared to the built-in volume indicator. Some popular third-party tools for monitoring volume on FTX include TradingView and CoinGecko. These tools allow traders to analyze volume trends, compare volume across different digital currencies, and set up alerts based on volume changes.
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• Dec 18, 2021 · 3 years ago
  BYDFi, a popular digital currency exchange, also offers a comprehensive volume monitoring feature for FTX. With BYDFi, traders can easily track the volume of their favorite digital currencies on FTX and receive real-time alerts when significant volume changes occur. This can help traders stay updated on market trends and make timely trading decisions. Additionally, BYDFi provides detailed volume charts and historical data, allowing traders to analyze volume patterns and identify potential trading opportunities.
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