Order Book, also known as the Order Book, is a list of each purchase and sales order that is waiting for a particular crypto currency. It is used by stock exchanges to meet purchase orders and sales orders and determine the cost of an asset.
What is the order book in Crypto?
Order Book serves as a record of all waiting and sales orders for a specific crypto currency on crypto exchange. This is an important tool for crypto investors as it shows the volume of consumer transactions and market liquidity. As a trader, you can use the order book in your favor, you can review the data contained in it to inform your next position.
The order book includes existing purchase and sale orders with relevant prices and quantities. In addition, it can show the total value of the order at any price level and provide graphics or visual representation for better analysis.
Traders can see the highest prices that buyers are willing to pay and purchase and sales prices that represent the lowest prices that the seller is willing to accept.
How does the order book work?
When a trader orders a crypto market to buy and sell, the order book is similar to its opposing order. For example, if an investor wants to buy 1 bit coin (BTC) at market price, he gets the best cell order to perform an order book order. When the order is similar, the process is performed and the order book is updated accordingly.
The order book is constantly updated as new orders are given or implemented. It reflects the dynamic structure of the market and enables investors to look at the changing level of demand and demand. Most purchases and lowest prices determine the current market price, which contains transactions.
What are the types of orders?
Market orders, limits orders and stop orders are common types used to buy or sell crypto assets.
Market Order (Market Order)
The market order is ordered to buy or sell crypto currency at the best price of the market. It usually guarantees execution but does not guarantee a particular price. When the basic target is to perform immediately, the market order is the most suitable. This is usually appropriate when you think the stock is the right price, when you believe you want your order to be fulfilled, or when you want to implement immediately.
Name Limited (Order range)
The order is ordered to buy or sell stock with a ban on paying the maximum price or paying the minimum price. However, there is no guarantee in implementation. A limit order can be appropriate when you think you can buy at a lower price than the current price or sell at a higher price.
Stop Emery (stop the range order)
The stop order is the amount of crypto currency selected to buy or sell stock at a certain price or at this price after trading at market price. If the crypto stops the price, the order becomes a direct market order and is usually performed at the next current market price. If this crypto stop does not reach the price, orders are not implemented.
This article does not include investment advice or advice. Every investment and trade movement involves a threat and readers should do their own research when making decisions.
