Hello @yousafharoonkhan!

I am delighted to be back here this week; I have thoroughly enjoyed your lecture, particularly your instruction on how to use an order book and its value.
Below is an explanation of my assignment task in my own words for anyone who comes across it and reads it.

”What is meant by order book and how crypto order book differs from our local market. Explain with examples.

An order book is a list that is typically available on exchange platforms where crypto traders purchase and sell their assets. The order book contains the prices at which various traders are selling and buying within the current price range of the current pair, and it updates itself in real-time.

Order book can be in two form the buy order book which is a list comprising of prices at which different traders are buying the pair and a sell order book consisting of list at which they are selling.

Looking at our local market especially the abattoir where we have different venders of meat and they have different price rate but the buyers coming in also have a budget which they are going into the market with, so when buyers get there they buy the meat base on the price that favours them.
This local market system works like the crypto order book system but the main different is that crypto order book deal with trading pairs like SBD/STEEM, USDT/BTC, BNB/ETH.

”Explain how to find order book in any exchange through screenshot and also describe every step with text and also explain the words that are given below.
• Pairs
• Support and Resistance
• Limit Order
• market order

HOW TO FIND ORDER BOOK

• Log in into Binance and go to market

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• You will be provided with so many pairs of coin in different type of market be it spot, feature, zones and favourite. You can search for your favourite pair , in this task I will be using BTC/ETH

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• Click on the pair and go to the trade side

• At the trade side you have the pair chart and the order book at the left side

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• The order book exist in two forms as shown below , the buy order which is in green and the sell order which also in red.

PAIRS

This is a pair of coins that have been bound together in a trading field and are arranged in a certain way. In a style that makes it easy to read and comprehend instances STEEM/SBD indicates you have Steem and want to buy SBD; there are various types of pairs accessible on the many exchanges in the market.
Find below the list of some pairs on binance :

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SUPPORT AND RESISTANCE

SUPPORT: this is a particular point in a chart of a pair where the price find it difficult to break down , meaning a price can be dropping till a particular price where it will bounce back. Here technical traders will say the bulls are forcing at that point to reverse the bearish trend at that point, and it serves as a good point to enter trade.

RESISTANCE: This is also a point where the bulls feel tired and the bears are reversing the trend , here the price or the chart find it difficult to go further upward , hence technical analyst advise traders to sell at that particular price.

LIMIT ORDER

This is a sort of order in which the buyer specifies a price at which his order should be executed. Based on the price range and analysis, a trader can buy or sell at their own price by placing an order, and their transaction will be performed automatically once the pair price reaches that price.

MARKET ORDER

This is a sort of trading in which the trader buys or sells at the market's current price; the transaction is usually rapid and fast, depending on the liquidity of the coin you're selling.

”Explain the important future of order book with the help of screenshot. In the meantime, a screenshot of your exchange account verified profile should appear.

First of all let look at my verification badge, I have been on Binance for almost 3 months now:

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Now let look at the various features of the Order;

• In the trade side they are always represented by two different colours the buy (green) order list and the sell (red) order list , this give details of the bid and ask price people want in the market , scrolling below one can also I see the history book , meaning the trade among the order book that has been successfully completed.

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• One can also click on view more to extend the features of the order book as shown below :

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• On the Image above you choose the number of decimal that should appear on your order list base on the pair you choose there is different decimal options

• Another feature again is the depth of the order books, you set it base on the number of items you want to be listed on the book, either 10,15,30,50 or 100.

”How to place Buy and Sell orders in Stop-limit trade and OCO? Explain through screenshots with verified exchange account. You can use any verified exchange account.

STOP-LIMIT

When you open a trade and decide to sell, change the transaction type to stop-limit or OCO depending on what you want to accomplish.

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Now, if you choose the stop trading option, you will be given a place to enter your limit price, which is normally where you want to sell, as well as a space to input the price where you want to stop losses and take profit, and finally, the quantity of the token you want to use for the transaction.
You can do this for a price that favours you in trading.

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OCO (One Cancels Order)

This help a trader set different order against the same coin but only one of the trade will get executed when it reach its target because when one order is executed it will surely cancel the other one.
So what happen here is that you set both limit order and stop-limit order, so what this option give you is a space to enter the price you want to sell your coin and another chance for you to enter the price at which if your preferred price is not met and the price fall to certain point where you are still in profit to execute your order. So here you have to chances of being in profit.

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”How order book help in trading to gain profit and protect from loss? Share technical view point that help to explore the answer.

An order book clearly acts as a reference for all traders to make profitable trades. Now, in the exchanges where we sell our coins, there are two types of order books: sell and buy order books. As a trader, I consult the order books before entering any market and compare the price I have found from my analysis to those stated on the order books.

Finally, I'd want to express my gratitude to Prof @yousafharoonkhan for this lesson; an order book is a must-read for all traders, and this is a book that acts as a guide for everybody.

THANK YOU