How the Order Book Works on Pluang Web Trading Platform

The order book on Pluang's web trading platform is a real-time list of all pending buy and sell orders for an asset, organized by price level — it shows you exactly where buyers and sellers are positioned before a trade executes. Reading the order book helps you understand current supply and demand and make more informed trading decisions.

• Two sides: bids and asks. The order book is split into bids (buy orders) on one side and asks (sell orders) on the other. Bids are stacked below the current market price; asks are stacked above. The difference between the highest bid and the lowest ask is the spread.
• Each row shows price and quantity. Every row in the order book on Pluang's web platform displays a price level and the total quantity of orders waiting at that price. A large quantity at a price level signals a potential support (on the bid side) or resistance (on the ask side).
• The spread tells you transaction cost. A narrow spread means the market is liquid — buyers and sellers are close in price. A wide spread means less liquidity, and market orders will cost you more relative to the mid-price.
• Order book depth reveals market structure. "Depth" refers to the total volume of orders stacked away from the best price. Thin depth means large orders can move the price significantly; thick depth suggests stability. Pluang's web platform displays depth so you can gauge this before placing an order.
• Order book changes in real time. Orders are constantly added, modified, and cancelled. Watching the order book on Pluang's web platform over a few seconds can reveal whether buyers or sellers are more aggressive at a given moment — a useful context for timing a limit order entry.

Related questions:

Q: What is the spread in Pluang's order book?
The spread is the difference between the highest bid price and the lowest ask price — the tighter the spread, the lower your implicit cost when trading on Pluang's web platform.

Q: Can I see large orders ("walls") in Pluang's order book?
Yes — a price level with an unusually large quantity relative to surrounding levels is often called a "wall" and can act as temporary support or resistance on Pluang's web platform.

Q: Does the order book update in real time on Pluang's web platform?
Yes, the order book on Pluang's web trading platform updates in real time, reflecting the latest bids and asks as orders are placed, matched, or cancelled.