Understanding Market Microstructure: Why the Order Book Matters 📊🔥 The order book is a real time list of buy (bid) and sell (ask) orders for any asset, whether forex, stocks or crypto like Bitcoin. It shows where traders want to transact and at what price 💡 This is your window into market depth. When the book is deep, large trades can be absorbed without major price moves. When it is thin, even small orders can push prices sharply 📉📈 Why it matters: price movement is often driven by the imbalance between buyers and sellers at the best bid and ask. When one side dominates and liquidity is low, prices tend to shift quickly ⚡ How traders use it: • Limit orders waiting in the book often reveal potential support and resistance zones 🎯 • Watching liquidity disappear or pile up can warn of breakouts or reversals before charts react 👀 • Order flow behaviour helps assess slippage risk and detect when volatility is about to rise 🚀 Understanding the order book gives you insight into what could happen next, not just what has already happened. Ready to apply this knowledge in real trading? Open an account and explore market depth in action 👉 https://my.nordfx.com/en/regis... Stay smart, stay informed, and keep learning 📚✨