Order Book
The order book provides traders with important information about the market and can help them make more informed trading decisions. By analyzing the order book, traders can see the level of demand and supply for a particular asset, as well as the price levels at which buyers and sellers are active in the market. This can help them to identify potential support and resistance levels, and gauge market sentiment. The order book is typically displayed as a table or graph that shows the current bids and asks for a particular asset.
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The bids represent the highest price that buyers are willing to pay for the asset, while the asks represent the lowest price that sellers are willing to accept.
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The spread is the difference between the highest bid and the lowest ask, and is an important indicator of market liquidity.