Order book

An order book is the list of every resting buy and sell order, bids on one side and asks on the other, sorted by price. A trade prints the moment a buyer meets the ask or a seller meets the bid, and that print is what your chart shows. Read the size at each level before you size, and read the gap between the two best prices as fear.

Go on

In the help centreSee the order types available on Mochatrade
  • Market orderA market order buys or sells immediately at the best price available. It always fills, but at the ask if you buy and…
  • Limit orderA limit order buys or sells only at your price or better. You control the price, the market decides whether you trade…
  • SlippageSlippage is the gap between the price you expected and the price you got. It comes from the spread, from a thin book…
  • Bid-ask spreadThe bid-ask spread is the gap between the best price to sell (bid) and the best price to buy (ask). Buy at the ask…
  • Last traded priceThe last traded price is the most recent trade on the venue's own book, the one the chart shows. You never trade at…
  • Nonfarm payrollsNonfarm payrolls is the BLS count of jobs added in the US last month, released at 6:00 PM IST, 7:00 PM in winter…

Educational content only. Not investment advice. Leveraged products magnify losses as well as gains.

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