The order book refers to a system where we will find the records of purchase and sale of assets can be traditional or digital only that would change in many ways as these are not the same in these books are stored transactions prices, history the amount of sales, for example.

In the traditional market everything is stored in written or printed form so we have to know that there is not much room for negotiation there is no volatility as in digital cryptocurrencies.

Traditional Market The assets are negotiated in an almost stable price between the buyer and the seller always trying to make profits both and according to their current demand will be the final prices of the asset.

Digital Market these order books are stored in databases and keep a broader record as there is a great price volatility in the market is traded in pairs such as BTC/ETH if I have ETH and I want to buy BTC this is stored in the order book.

There are stop loss orders that are implemented in digital markets to protect our investment but in traditional markets the stop loss can not be applied because of its analog nature and low volatility almost fixed prices and do not have graphs or digital statistics to be traded.

In the traditional systems you do not see Trading Pairs either since it is only 1 single currency that the country authorizes to be exchanged for something.

Explain how to find the order book in any exchange through a screenshot and also describe each step with text and also explain the words given below (the answer must be written in your own words).

Pairs
Support and Resistance
Limit order
market order

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*Log in to the following page Source

*Select market

*Select BTC market

*Select ETH/BTC pair

Source

Here is a later view of the ETH/BTC pairs' ORDER BOOK

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Trading pairs:

As I indicated above we can see a clear example of the trading pairs that we will trade ETH/BTC to better understand the idea trading pairs are active currencies or tokens that we will trade depending on our need and strategies to make a profit being able to buy at low prices and sell at high prices so go adding more coins to our balance.

These trading pairs are used to keep track of purchases and sales within the market such as the time at which you bought the time the amount is also kept track of how many tokens or coins there are how much is your total capital etc..

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Support and Resistance:

Support: is to say a resting point in the downtrends this means that in the past in these support points there were interested buyers and sellers which created an important volume for the market capitalization at that time so there are usually reversals in these areas and are always below the resistances guiding us from our current timeline and prices.

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Resistances:

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They are usually former highs where there were also interested buyers and sellers but there came a breaking point where the price was no longer palatable for buyers then began to take profits so the price falls from that previous high to a previous support so it will be called resistances this happens when there are major events in the ecosystem and the masses abide by those problems psychologically. or when the market is no longer favorable at that time for investors.

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Limit order:

We can call limit order to the order that we stay buy or sell an asset ie if we buy ETH at 0.1BTC And we want to sell it at 0.2BTC then we place an automatic sell limit order to not stay all day glued on the pc waiting for the price to reach 0.2btc then this would be called limit order.

The same happens if we want to buy at a very cheap price, for example we want to buy 1ETH at 0.01BTC but the price is at 0.15BTC then we place a limit order at 0.01BTC when the price reaches that value the purchase will be executed automatically.

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Market order:

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In the following order we will buy at the current market price if the price is at 1$ because when we activate the order we will buy the asset at 1$ without waiting long times if we see that it suits us to buy at the current price we buy and if we want to sell at that price because it suits us we sell at the market price is very fast.

Explain the important future of the order book with the help of a screenshot. In the meantime, a screenshot of the verified profile of your Exchange account should be displayed (the answer should be written in your own words)

My BINANCE account VERIFIED

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Source

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PARES ORDER BOOK IMPORTANT

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When we talk about order books we think of records and we are not wrong as these are records of both buy and sell orders in Pairs the order book keeps key and important records for the buying and selling of coins or tokens thus saving your transactions on the network as are buying and selling prices, quantities sold and bought per day, storage, total supplies , and much more additional information thus demonstrating its great use and importance to the ecosystem without this data how could we perform technical analysis ... or create an entry and exit with stop losses is of great importance .

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In this order book we are looking at ETH/BTC

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In the green part are the purchases and the red ones sales all these records are stored we can also see the interest of the users and the different gaps that exist on one side and the other supply and demand, the buyers place their prices at their convenience while the sellers are buying at a price below the sellers. when the orders are hit by the trends these are triggered and executed.

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Buy order:

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In the follow buy order we will see different patterns to make purchases and sales usually always in ETH/BTC Pairs then through a technical analysis we can determine the value that we must buy for this purpose and we will give in buy after waiting a while the order will reach its destination and will be executed by buying the tokens or coins selected in the selected pair.

You only need to sell for this select the Market option.

After that you will have to enter the amount of capital you want to invest for example you want to buy ETH and you have USDT then select the amount of USDT you want to exchange for ETH.

Then you click on the Buy ETH option

This can work the other way around if you want to sell just enter the amount of ETH you want to sell and it will automatically tell you how many USDT you will get for the amount of ETH selected.

Limit order:

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The limit order is the order in which we want to sell example if we have 1ETH and we want to sell it at 2000$ but now the ETH is at 1500$ we will place an order at the limit of 2000$ for when the price touches that point of 2000$ then the operation will be completed granting us the equivalent of 2000$.

From the same for buy orders if we want to buy ETH but is at $ 2000 then we place a limit order to buy when it reaches $ 1500 to buy and then sell more expensive at $ 2000 later.

We can say that the limit orders are those orders that we are going to give the attributes to be executed at a price that benefits our financial portfolio.

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OCO Order

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It benefits us in several ways to sell at prices we want and to sell at times to protect us from a volatile bear market below a guide on how to place OCO order.

*PRICE: In this option we will place the limit price we wish to sell at

*Stop: We will be placing the first price protection price to protect us.

*Limit: The price limit must be lower than the stop so that it can work in case of any unforeseen event.

*Amount: The amount of Coins we will be trading.

*Total: This is the amount of Coins we will receive if we sell at our PRICE.

If you follow the steps correctly everything will be fine. .

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How does the order book help in trading to make profits and protect against losses? Share the technical point of view, which helps to explore the answer (the answer should be written in your own words that show your experience and understanding)

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If we follow all the courses of the world's largest cryptocurrency school #SteemitCryptoAcademy then we are going to have a good reading and a great analysis of the market so our predictions or rather speculations are going to have returns, if we apply the proper technique and we are going to read the order book then we will get great profits depending our capital, we have to analyze very well each pattern and put in practice each teaching in order to maximize our capital.

We have to be very aware of our Stop Loss as this depends on our entries and exits of a market and this will depend on our potential gains. through this we can buy at a cheap price in supports and exit at high prices of resistances therefore our capital gradually increases gradually as our strategies are.

In the OCO Order, we have a wide balance of options so it makes us much more comfortable to negotiate through this tool so important for us because of this strategy will depend on our income is recommended not to place a stop loss of security well above the beginning of the previous candle because this can be double fixed weapon, the price may have a small false rebound and that area of our stop is completed leaves us out and up so it is very necessary to maintain a margin of our stops adequate for this not to happen to be very aware of the timing of the current market and continue to operate the market with great enthusiasm and strength.

Conclusion:

We saw that this class was quite extensive and very productive so if we apply it with its due prudence we can improve our quality of operations in the markets also we gave some basic concepts for anyone who is not very familiar with the crypto system, we saw that the order books are not only here if not adapted and improved of course in traditional trades were the pioneers to start using order books but a little less complex than the current digital ones used to analyze graphs and perform operations. It was a great pleasure to be with you again in this incredible task.

THANK YOU:

Cc:
@yousafharoonkhan
@steemitblog
@steemcurator01
@steemcurator02