| What is an Order Book?
· An Order Book is a digital record of buy and sell orders for a specific asset, organized by price level. It displays bids from buyers, asks from sellers, and the respective amounts in real-time. The number of orders at each price point is known as market depth, and order book data is essential for traders to analyze investments.
· Gate.MT order book is divided into four sections: Long VS Short, Bids, Asks, and Trades.
· Long VS Short: This section shows the market sentiment towards a specific asset, based on real-time margin trading loan statistics, and can be used as a reference.
· Bids: A list of buying orders with their corresponding prices and amounts.
· Asks: A list of selling orders with their corresponding prices and amounts.
· Trades: This section displays the latest trades in the market, combining both buying and selling orders.
|Note: The order book's data is updated in real-time and is a valuable source of information for traders to make informed decisions.
· Order book data is a valuable source of information for traders as it enhances market transparency by displaying real-time market sentiment and traders' willingness to trade. This information is critical for investment analysis.
· However, it's worth noting that order book data is constantly changing, making it more suitable for short-term analysis rather than long-term trend analysis. Traders should keep this in mind when using order book data to inform their investment decisions.
| Functions of the Order Book
Gate.MT offers the following additional functions for users to conduct analysis.
· Shift Display Mode
· You can toggle between different display modes by clicking the double-headed arrow located on the top right corner.
· For example, when viewing the BTC/USDT trading pair, you have the option to display the size (BTC) and total (USDT) of each trade, or to display the sum (BTC) and sum (USDT) of each price level. This allows you to customize the display to best fit your needs and preferences.
· Hover Display
· When hovering the cursor over a specific number of orders, the average price of those orders, along with the total in the base currency and total in the quote currency, will be displayed for your reference.
· This feature will allow you to view key information quickly and easily about a group of orders, helping to make more informed trading decisions.
