Getting an edge with Forex Tools – Order Book
Order books, which are largely prevalent among exchange based trading instruments is one of the ways some traders tend to trade. An order book is nothing but a record of the buy and sell transactions, similar to what an accountant would maintain at a regular office. Trading with the order book has been around for many years as far as exchange traded assets such as stocks or ETF's are concerned.
When it comes to the currency markets, given the fact that they are unregulated and traded over-the-counter, it can be difficult to get hold of the order book. However, there are some forex brokers that do offer these tools. While the forex order book can be viewed at in the same way, traders should first understand its limitations.
Of the many brokers, Oanda is one such broker that offers tra...
