Understanding The Order Book

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By understanding an order book, you’ll understand how crypto trades are structured. In any trade, there is a winner and a loser, and you’ll want to buy low and sell high.

When there are more buy orders for an asset than sell orders, the price generally increases since there’s more demand for the crypto. In contrast, when more people sell than buy, the price decreases. On many exchange interfaces such as Wirex’s, you can see whether there are more sales or purchases overall in the market by a red or green color on the graph. This can help you gauge whether it might be the right time to buy or sell.

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