Basic trader tools (Part 3)
Glass of quotes
Taking into account information from the order book, a trader can determine the current spread for a traded pair by calculating the difference between the upper and lower value of the value, as well as analyze the asset and predict further movement of the value.
In particular, if we managed to find significant buy orders, then one should expect growth, and sell orders — a decrease. It should be understood that the order book does not reflect all transactions, but only those that are as close as possible to the current market conditions, therefore, it is difficult to predict how the rate will react to the closure of all large transactions. In addition, the analysis of quotes gives a forecast only for the short term.
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