Basic trader tools (Part 2)
Sell and Buy orders
An order is the main tool of a trader, with which he makes a deal, entering into it the parameters of the deal. Orders can be divided into two types:
Passive — the value of the asset in them differs significantly from the current market rate;
Aggressive — intended for trading at the current market rate.
A large proportion of movements on the charts are formed by aggressive orders. They are also called instant, since they close as quickly as possible. Passive orders represent a trader’s prediction and are closed when the market reaches the desired price.
All orders for the sale and purchase of an asset within one trading platform form a so-called order book. This is a list of all trades placed by traders on the selected trading pair. The order book reflects the liquidity of an asset and allows you to determine the market mood.
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