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What is the Order Book?

The Order Book is a fundamental element or module on the Phemex Trading Page.

It is simply an electronic book or list of all the buy and sell orders updated in real-time. It displays the 9 best-priced Sell Orders (in red) and the 9 best-priced Buy Orders (in green). Under the Price Column, prices are arranged from highest to lowest for both Buy and Sell orders. The Size Column shows how many contracts are offered at each price, while the Total Column shows how much demand is present for each price.

The Order Book is an important tool that reveals the current interest held by both buyers and sellers for a given trading pair. By analyzing trends and imbalances through the Order Book, traders can make better informed decisions.


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