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Trading & Technical Analysis

Order Book

Also called: limit order book, depth of market, the book

The order book lists all resting buy and sell orders by price, showing where liquidity sits above and below the current price. Its depth determines how far a large order will move the market. It's also actively gamed: displayed orders can be placed and cancelled to create false impressions of demand, which is what spoofing is and why it's illegal.

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