Glossary

Order book / DOM

The list of resting buy and sell limit orders at each price level (depth). DOM (depth of market) is its trading interface.

Large orders in the book can act like support/resistance, but since they can be cancelled (spoofing), they aren't reliable on their own. Executed trades (time & sales) show action, not intent.

Reading the order book is the core skill of futures scalping; forex/CFDs don't have a full book.

Related terms

Where it appears in the guides

Guides whose text uses this term; most frequent first.