Let's imagine an organized list (book) of requests (orders) placed one after another in real time at the same place (exchanger), which must be matching certain type of a determined feature that relates buyers with sellers (pair), in order to distinguish it from other spaces (markets). This is similar to the scene of any government that has natural resources like petroleum and it's offering barrels as units of exchange to other nations that might be looking for competitive prices to buy it in dollars (USD/Barrel). The main differences between local and crypto market are as the following table is showing:

a) For the case of Binance, displays the submenu of trading from main menu in order to make click on options like Classic or Advanced and go straight to the crypto markets.

b) Finally, you can select the Order Book tab that is next to the chart option, where you can see both main elements of any trading scenario (amount and price placed by buyers/sellers).

Moreover of that, in a trading view you can observe the presence of these concepts:

💠Pairs: these are the several couple of assets that are available and offered by the exchanger in order to match buyers with sellers that are having those pair of mentioned assets in common to trade between them. What I mean this is through an example? Let's say I'm having some TRX coins that I want to buy or sell, depending of the case, in order to finally obtain BTC, USDT or ETH. So I've to get the pairs BTC/TRX, USDT/TRX or ETH/TRX and many others if Binance is offering them, based on the daily volume of transactions. I'm pointing out this because recently, this platform has to delete the pair BNB/STEEM due to few number of regular trading with these coins, not like in BTC/STEEM or ETH/STEEM, which are still available.

💠Support and Resistance: According to the following screenshot, this is more like the lower and higher price that won't go further in the chart at certain frame of time, respectively. The lower one is "lying" or supporting itself in a specific price by several times before going up again, meanwhile the higher one is the "peak of mountain" or resisting to cross that range that is being managed by the dynamic of trading in that moment. We might say that support and resistance price in this image are like 0.005050 and 0.006400.

💠Limit order: is that one where you can specify your desired price to carry out the trade but it takes a longer time because you have to wait until the tendency of market will reach the fixed price to execute it.

💠Market order: over here you're going to execute your order right away at the moment you make a click on the current market price with the correspondent button to sell or buy, bringing the risk of an undesirable movement of price that might be causing a little loss or let's say the "sweeping effect", so it's just the small disadvantage compared with the limit order.

What to expect in any order book screen? Of course there's at least two sides distinguished with red (sellers) and green (buyers), where each order appear with the correspondent fixed price for the available amount they want to trade. If you make a click in the other displaying options, you can see them separately with the additional column of 'Total', which is the result of multiplying amount*price=total.

You can also display the orders categorized by multipliers of 0.01, 0.1, 1, 10, 50 and 100 to facilitate the view of wider prices of orders without too many decimals.

And, at the final tab, you can check all the trades that were executed recently in real time.

💠Stop-Limit: Here the order is placed in the order book but it'll just be executed if market reaches your limit. Then, it's possible that your order can be activated but never carried out in case the price tends to an opposite side, so don't set both prices with a very huge difference. It's also useful to authorize a stop price a little higher (for selling) or lower (for buying) than limit price to have a guarantee of successful filling of your order after activation.

💠OCO (One Cancels the Other): it's a powerful tool that advanced traders can use to take a good profit and avoid a loss at the same time in case of an undesirable tend of price, because it combines Stop-Limit with Limit Order, canceling one when the other is executed and this will help to operate with security.

The key of placing a profitable order in order to take a good benefit is paying attention to the amount and price that were placed by others in the market in that moment. Can you also see a colored bars (red or green, according to the case) for higher amounts that are having different lengths? This is like a visual percentage of total users that already placed an order that will help to take a proper decision about the pressure for certain prices. For instance, I might try to set a selling price where most sellers are more willing to release that number, or buying with a proper figure chosen by a huge number of buyers, according to the graphic bars.

Let's also review the following picture I took a while ago, where I've expected to gain some BUSD with a price of 5.45 for every CAKE, but unfortunately the figure dropped towards 5.30, although it was okay because I already set it as Stop-Limit to avoid an important loss of previous investment of CAKE that were around $5.