A short tutorial-style YouTube video (by Kardec Trader) introducing the order book: what it is, why traders must understand it, and the different types of order-book views (e.g., depth of market, Level II). The speaker frames the order book as a market mechanism traders can read and use to gain advantage when executing trades.
So this is where we go into the order book. So in order for the market to facilitate trades, the market has something called an order book. Our job as traders is to understand how an order book works and understand how we can use it to our advantage. There are different types of order books. We might have the depth of the market, we might have level two and so on. But our ultimate idea right now is to understand how an order book operates and, and how we can use it to our advantage.
