The price of an asset is shaped by supply and demand, and traders make their decisions based on their ratio. A list of buy and sell orders for a specific security or currency arranged according to a price level is known as the order book, allowing traders to estimate the volume of pending orders, which can be used to identify resistance and support levels and the potential direction of a trend.
In this review, you will become familiar with the concepts of market depth and order book, learn how to determine the liquidity level using the latter tool in MT4,… Read full author’s opinion and review in blog of #LiteFinance
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