What are the disadvantages of a forex order book?

For example, the order book with Limit orders is much robotized in the stock markets, so its efficiency decreased. Fortunately, the Forex order book doesn’t suffer from this disadvantage, but we repeat once again that manipulations are possible there. New open trades appear in the order book only if the price moved through this levels.

Does MetaTrader 4 have a forex order book?

Unfortunately, the retail Forex trading industry is lacking this great feature. MetaTrader 4, the platform used by most traders, does not offer a Forex Order Book. Moreover, most Forex brokers provide an aggregated feed to their clients and show just a few price levels from the Order Book.

What are the Best Forex trading books?

These are six of the best that have stood the test of time and the forex market 's ups and downs. Currency Trading for Dummies is one of the best of the lot for beginners. It presents clear, easy-to-read instructions on currency trading and descriptions of the forex market.

What is a stock order book & how does it work?

The order book helps traders make more informed trading decisions. They can see which brokerages are buying or selling stock and determine whether market action is being driven by retail investors or by institutions. The order book also shows order imbalances that may provide clues to a stock’s direction in the very short term.