Sun. Apr 21st, 2019

ChingasX: Trading Room Volume Scanner

How to use Trading Room’s Volume Scanner with ChingasX

In this episode ChingasX explores Trading Room‘s Volume Scanner and provides some helpful tips and tricks along the way. You can find the Volume Scanner here.

How to use Liquidity Index for the trading purpose?

Trading Room Liquidity Index is Volume vs Market Cap matrix or Circulating Supply vs Volume Matrix

One of the Major issues while trading Alt Coins is Liquidity. It is difficult to get an entry or exit at a reasonable price & spread if the Coin is illiquid & has wider spreads. We will be launching Trading Room Spread Index soon to compliment the Liquidity Index.

Essentially Higher Volumes = Higher Liquidity = easier to enter & exit with tighter spread. Higher Liquidity also suggests some kind of whale action in the coin considering retail crowd alone cant push the volumes. Some coins witness as high as 50% or even 100% or more liquidity suggesting strong whale action in those coins. Coupled with other tools, you can find suitable trade setups to trade some of these highly active coins.

About ChingasX

Chingas is a rising star in the space due to his educational material that can be found across multiple social platforms. He covers a variety of topics with his content but is predominantly known for his Technical Analysis knowledge and skills where he live streams his sessions for the community.

He’s used his knowledge to create easy to understand and relatable tutorial videos and articles across Medium, YouTube, Discord and Twitter.

Chingas is keen to help educate and teach people the skills they need in order to become successful in this space so you can connect with him at the various places below:

Twitter:
https://twitter.com/ChingasX 

YouTube:
http://www.youtube.com/c/ChingasX  

BitTube
https://bit.tube/ChingasX 

Twitch:
https://www.twitch.tv/chinxgas 

Stream.me
https://www.stream.me/chingasx

The Daily Chain – Inform. Educate. Succeed.

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