How does an order book work?

To the right-hand side of the trading chart, you can see an order book. Buy and sell of the selected pair is shown on the left and right sides of the screen.

An order book represents the buying and selling interests of buyers and sellers of an asset and is arranged by price level. An order book is a tool that shows a list of outstanding orders for a particular asset in real-time, offering a view into the supply and demand of the asset.

Order books are continuously updated in real-time and reflect market participants' intentions at any given moment. 

The order book consists of five parts such as buy order, sell order, price, amount, and total.

Traders can make better decisions using the order book.