Assalam-u-Alaikum

To all my steemian friends I hope that you are all will be very happy and spending your lives well.I am also well and happy with the grace of Allah Almighty.Today I am here for the Home-work for the hardworking professor @yousafharoonkhan . I have already learned the whole lecture.It is very interesting and informative for all the students in the Crypto Academy.
So lets start the Leacture.

In the lecture he ask some questions.And here the answers:

(Question no1)

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

Order Book

In everyday life, as we know, the book of accounts or order book proves to be very important in business connection.Through this we write our account.The first question that comes to our mind from seeing the order book To buy or sell anything.And all the things to buy and sell it saves in this Order book.Every shopkeeper uses the order book more and more.Similarly, every small and small shopkeeper of Pakistan has an order book of his own. Through which he keeps a record of his borrows and cash.

For Example

Lets suppose that a shopkeeper of the simple market who has the shop of vegetable.When any costumer come to him and buy some vegetables in different rates.The shopkeeper maintained(registered) this information in the erder book because if he wants to thought about Whether to he got profits or losses from his earnings.Then he will easily estimate about his brofit and loss.

If we talk about the advantages of the order book, then it has many benefits.

• Through this, we can keep a record of all things borrowing and cash.
• Often we forget things after selling or buying them.But if we keep a record of these things in our order book, then we cannot forget it, nor can there be anything else.

If we talk about the order book and the exchange order book of cryptocurrency, then there is little difference between them. Here we will talk about the some differences.

• There is not present auto filling system in the order book but in the exchange order book of cryptocurrency there is a auto filling system is present.It really proves very helpful for users.
• If we talk about facilities like the OCO so it is not present in the simple order book but in the order book of cryptocurrency the system of OCO is present.
• Simple order book does not show tge details in the form of digital information but the crypto order book show all the details of buy&sell in the digital form.
• Apart from all this in A Simple Order Book the pair system for trading is not present and there is a simgle currency in which we can sell or buy the things.

For Example

If we talk about the example of the crypto order book then we can explain it in this way:
If we have any two currencies One of which we wants to buy and the one which we wants to sell so the record of the buying and selling will be registered in the crypto order book.Lets suppose we have two crypto currencies BTC/BUSD.And out of these we have BTC present in our wallet.So now we have to sell our BTC and then Buy the BUSD.And the record will be registered in the form of pairs.And if we see the BTC coins then we notice that The bTC we bought so this record is also available on the crypto order book.If we talk in easy words then If we buy or sell the currencues in any rate at any time, then his complete data will be recorded in the crypto order book.And we can see this information whenever we want.

(Question no2)

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.(Answer must be written in own words)

• Pairs
• Support and Resistance
• Limit Order
• market order

Find Order Book

There are many ways to find order book in any exchange because there are many applications and websites that provides such facilities.
As I am a new user of the Binanace app so Here I will show screenshots of the binance.We can also work on binance by the website.
So here I will tell you some steps With the help of this we can find the order book in Binance.

Step 1

When we open the binance we will get a SPOT option at the top of the screen.There are many currencies under.If we look at all the currencies one by one, it will take a lot of time to select 1 specific currency.So we simply Search the currency Whose option is given above the SPOTE.

Here the surrounded option is a SPOT and which is present with the arrow is Option for search the curreny.

Step 2

Now we can search any Currency here.So I select thr BTC/BUSD to find the order book.
Let see..

The result is towards us and then we have to select the pair which we search.

Step 3

Now I simply click on the selected pair of cryptocurrencies.
Let see..

• Here we find the order book on the Binance app successfully with the guidelines of our hardworking professor @yousafharoonkhan .

Trading Pair

There are two assets of crypto combined to each other for trade this can be called the Trading Pair..If we have two cryptocurrency like STEEM/ETH then we should keep in mind that we can buy ETC from STEEM and as it is we can buy STEEM from the ETH so it become the pair of crypto currencies for trading.
And if we want to sell our STEEM for the ETH and ETH into STEEM it also registere in the order book.These pairs are presents in the all platforms of Cryptocurrencies.

Support and Resistance

If we talk about the Support

• Support
  Support is a point or level where the buyer get opportunity as the price of the coin goes the uplevel.And one the price toches the high level then the traders sold their assets and earm more profit.So we can said that it is a tool Which can benefit traders and help them a lot.
  If we look at the picture above, we can see that what is support.Here I label the limes of trading and names as support it tells us that the market trend is at the low point and it will not move down more.It is very helpfull for any trader.Many traders buy assets at this level.

• Resistance
  Resistance is a point or level where the traders get opportunity by selling their assets at the high rate.It is the point where the maximum rate of currency reaches.After buying at support level the traders sell its assets at the resistance level.
  In the above photo we can learn about it.

Limit Order

In the binance the limit order is a form of transaction in which any trader Wants to buy any asset (crypto coin)for less than its current value.For Example if the current rate of the TRX coin is $2.5 and we want to buy this at the $2.0 then we set a limit at this rate.It will happen that when its rate goes from $2.5 to $2.0 , it will be bought automatically.
If we want to sell our assets(coin) at a higher rate than the current rate, however we can do it.
For Example if we have the USTD coin which current rate is $1.6 and we want to sale it at the $1.9 then we can set a limit.Similarly, if the rate reaches our limited value, it will be automatically sold out.So we can take more benifit from it without any hardwork.

And this will happen when values ​​of any coin will be equal to our limit.

Market Order

The market Order is used for the urgent selling or buying the coin.When the traders wants to sell or buy the asset (coin) suddenly then he will select the Market Order.Here we cannot estimate any loss or gain.Similarly, some traders get loss by using market order.And some traders get benifit after doing the market order because it is fully risky.

(Question no3)

Explain the important features of order book with the help of screenshot. In the meantime, a screenshot of your exchange account verified profile should appear (Answer must be written in own words)

• Exchange verified account
  First of all I show my verified binance account.

So here you can see my verified account of binance.Now I describes the some important features of the binance.

Features of Order Book

There are many features of the binance but here I describes the some important features.So lets Start...

• Order Book
  The first important feature is the Order Book as we have talk about it also above.So here I describes it with the help of acreenshots.

In this I label the Order Book (option) and then labeled the buy orders and sell orders.The arrow in left side shows the buy orders and the arrow on right side represents the sell orders.These orders changes in every seconds.Thats why it is a dynamic in nature.In these feature there is a feature of buy and sell the coins.Now I will explain it in more details about the buying and selling of the coins.
Lets start...

• Buy order

In the buy order we can buy the coins which we are willing to select.So I select the SHIB/USTD
For the buying and the selling of the asset(coin).
As we already have discussed about it that when we buy the asset (coin) we can set a limit.So here we talk about the whole procedure.

When we click the Buy (option) then the next page will be open.

Now I accept all the terms and then filled some MCQs then the next page oppens.

Here I can simply purchase and set limit for the crypto coins.Then we click the buy option again and then It will our hand that how much we can purchase or buy the coins.

• Sell Order
  We we want to sell our present or boughton coins then we will click the sell(option) and after that it is simmilar to buy the coins.

Arter clicking the buy(option) we see the next page. AND THE next page is:

So now we can easily converted and change them into the another crruncey or coin.

(Question no 4)

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.(Answer must be written in own words)

First of all we talk about the Stop limit.

Stop-limit Trade

It is an order which lock the present profit and decreases the loss.Simply If we placed the Stop-limit so we can not get loss by our trade because it kept to get more profit from trade.There are two prices in the stop-limit.

• Stop Price
  It consist of the starting of trget price.At this point the stop limit order changed into the simply limit order.So the asset sold without any loss.
• Limit Price
  It consist of the low limit of the target price.Before placing stop limit order, let us understand what this order is all about. Basically stop limit order, is a combination of stop loss and a limit order. It is a type of order intended to lock in profit or minimise loss by setting stop and limit price beforehand. So before placing this order, thorough understanding of of asset to be traded is necessary. We need to have basic knowledge about the support and resistance of the asset, on the basis of that we are going to place stop - limit order. For stop limit order, we need to set two prices :
  Stop price : The start of target price. At this price, the stop limit order becomes limit order.

Limit price: The lower limit of target price . The target price is the minimum price we choose.So here the limited price does not go down further.

How to place stop-limit orders

It is very nessary to describes the stop-limit order practically.So am going to show the method practically.
First of all I open the binance app.Here I simply search and click the market option then I chose a pair for trade.
Let see in pictures..

In this I simply click the Buy Option and then

After that I click on the limit and then the some options are revealed to me

• Limit
• Market
• Stop limit
• OCO
  Here I select and click the stop-limit.

And here there are some places for the add the values what we want to buy.Then I simply write the price and wants to buy the coins.

Then here I set the stop price 0.55 (SHIB per USDT) And set the limit price at 0.51(SHIB per USDT) When the price went on the stop price then our asset (order) will become the limit order and we easily sell it.

Sell stop-limit order

Now I simply sell the my order at the stop_limit order. Let see..

Here I simply set the stop limit at 0.000280 (SHIB per USTD) and then set the limit order at 0.000276 (SHIB per USTD).
And set the price.

Place buy sell order in OCO

It is the type of order in which if we work on one order then the other orde will automatically cancelled.Lets suppose If we work on one order then the other order will be cancelled kr stop automatecally like the limit order and the stop limit order.
Many traders uses the OCO to decrease the loss and for increase the benefits.
Now I describe all procedure of buy and sell the coins.
First of all we will talk about the buy the OCO order.

Buy OCO Order

First of all I open the binance and then select the trading pair and in this click on the arrow down then selct the OCO option.

Now the next page is..
Here I simply underline the limit and stop limit in the OCO.And Show with the help of arrow.

Now I put the values here and placed the price.

And we can buy this by the single click on the Buy option.There are two orders here the first one is Limit and the other one is stop limit order so we set the limit and stop-limit price.Suppose if the price of market goes to the rate of 0.60 then the stop limit (0.55) will be cancelled automatically.

Sell OCO Order

Now I am selling the OCO order in which the limit price is 0.00080 and the stop limit price is 0.00070 and the limit price at 0.00060.

If the market price reach at the limit order then it will be obeyed and the stop-limit order will be cancelled.At the other hand if the prices of market decreases and the price reach at the stop-limit then the limit order will be move and the stop-limit order will be executed.

(Question no5)

How order book help in trading to gain profit and protect from loss? share technical view point, that help to explore the answer (answer should be written in own words that show your experience and understanding).

We have seen many features of the order book through this lecture.Like the Spot,limit order,stop-limit order,market order.etc.
Any trader can reap huge benefits by keeping all these features in mind and implementing them and minimize his losses.
The order book helps any trader to keep his assets in the market.Suppose I want to buy a coin or asset and that is at the support level.And I want to seal this trust when its level or its rate is too high and it comes to the level of Resistance.As we know that at the level of sppourt it has a minimum value and at the level Resistance of which it has a maximum value.In the same way, we have to buy it, then hold it and sell it when the rate goes up.
And so we can sell it quickly and easily.
If we can look at the market price for a longer period of time and take care our coin and sell it with profit.Then it will be very profitable.
And if we can't look at the market price for too long, then we can be set the limit on our coin.By doing this, one of us will be sold and buy at a very good price.And if we talk about the OCO .
We can said it as a tool.It consists of two orders for traders which is very beneficial.The two orders are limit order and the stop-limit order.It helps in market fluctuations and trade.By using it we can get maximum profit and minimum loss.
If we do a technical analysis of the order book, it can be very helpful for trading.If we execute the order correctly, it will be of great benefit to us.Like that:
If we want to buy any coin or asset , we can buy it at a very low price at support level with the help of order book.And if we want to sell the asset or coin later at a good rate, then with the help of the order book we can sell it at a very good rate at the resistance level.
In the same way order book can be helpful to us in every aspect of trading and can guide us well.

Conclusion

Orderbooks can be very helpful in dealing with cryptocurrencies.Orderbooks are also technically intersting because they learn us buy and sell them at a good rate.It helps traders to understand the rising and falling price of assets of the market.Here our teacher has done a great job so that we can understand many good features of Binance.I really like this lecture.If a trader wants to make maximum profit and minimize loss from trading on crypto, then he can use order book.

I have prepared this whole lecture myself and I hope you have understood it.
##Special Thanks to
@yousafharoonkhan

Regards

@numanfarooq7677