Cryptocurrency and how to find order book for exchange purposes

Question no 1 :

What is meant by order book and how crypto order book differs from our local market. explain with examples (answer must be written in own words, copy paste or from other source copy will be not accepted)

What is order Book?
Order book can be said to be an electronic or digital list of buy and selling orders, it lists the number of shares being set on the price point or the market cap.

Question no 2 :

Explain how to find order book in any exchange through screenshot and also describe every step with text and also explain the words that are given below.(Answer must be written in own words)

Pairs

Support and Resistance

Limit Order

market order

INTRO
Firstly you will have to log into your binance or any crypto wallet and scroll to the market section.

After harnessing the market phase, it takes you to a new phase with pairs available, prices, and other digital information.

Then i type the name of the digital asset i want to invest in.

And now i have to set the orders for our trade by checking on a trade.

What is Pairs?
To pair is a way of trading which involves you using a crypto you have to get one that you don't have. for example you have BITCOIN but you also want DOGE, so you pair BITCOIN/DOGE depending on the amount you want.

What is Support and Resistance?
From my little understanding, Support is the limit or extent to how low a crypto falls. And resistance is the limit to How high a crypto will rise up. This is always a tricky part of crypto which is knowing when its gonna rise or fall, as experts will like to invest when the price falls, therefore buying the dip, and waiting for a rise in its value. But Its not always the result which is why i said its a tricky part of crypto.

What is limit Order?
You will have to give an average on how to want to sell crypto. This is really a reliable way investors use to avoid losses.

What is Market Order?
Market Order is not really a good way of buying crypto, cuz it has limited decisions on your crypto. This let you buy crypto according to the current market cap price.

Question no 3 :

Explain the important future of order book with the help of screenshot. In the meantime, a screenshot of your exchange account verified profile should appear (Answer must be written in own words)

Well with the picture above you can be able to see all the information needed for a successful trade, the Market cap and prices that investors go for.

Question no 4 :

How to place Buy and Sell orders in Stop-limit trade and OCO ,? explain through screenshots with verified exchange account. you can use any verified exchange account.(Answer must be written in own words)

A shop limit order is when you put an average limit of how high or low one wants to sell or buy a crypto. With the price it can be a loss or a gain to you, depending on the market. An OCO makes this trade when the upper and lower limits are met.

Stop Limit Order

OCO Order

Question no 5 :

How order book help in trading to gain profit and protect from loss?share technical view point, that help to explore the answer (answer should be written in own words that show your experience and understanding)

The order book helps you have an insight of the coins or coin pairs one is interested in, with its trade volumes, charts, market caps and prices. This is a good benefit to crypto investments as it helps to avoid errors and mistakes that come along the way. This help you make money and also help you to loose little or non as possible as it can be.

CONCLUSION :

An order book on a crypto exchange is a decisive tool for all investors, this helps investors to make more gains than losses on almost all trades made.
I want to thank in a special way @yousafharoonkhan for this opportunity to have an insight on the crypto world, now i am more open to the highs and lows of crypto. I really learned something from this amazing lesson. This really helped me to navigate more professionally on the Binance page. I really look forward for more insight and lectures as this was a memorable one

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