Depth of Market Confussion

Created at 14 Sep 2020, 14:20

dani20102015

Joined 13.09.2020

Depth of Market Confussion
14 Sep 2020, 14:20

Dear members

I hope you are doing well.

I have a confussion.

One broker shows me this:

The other broker shows me this:

So, for broker one it shows amounts like these:

100.00 250.00 50.00 This means in lots, right?

But for broker two it shows two decimals ,00 but it shows 20 000 000.00 is this in lots or in millions? if it is in million, why does it show two decimals, it can not be possible... I think it's in lots.

But why such big difference between 300 lots broker A and 20 000 000 (20k lots) broker B. Liquidity providers?

Thank you so much

@dani20102015

Replies

PanagiotisCharalampous
14 Sep 2020, 14:32

Hi dani20102015,

Go to Settings > Assets and check your units to figure out what are you looking at.

Best Regards,

Panagiotis

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@PanagiotisCharalampous

dani20102015
14 Sep 2020, 14:37 ( Updated at: 21 Dec 2023, 09:22 )

RE:

PanagiotisCharalampous said:

Hi dani20102015,

Go to Settings > Assets and check your units to figure out what are you looking at.

Best Regards,

Panagiotis

Join us on Telegram

Hello Sir

Thank you for your answer.

For broker B.

Please see below

For broker A, please see below

Thank you

@dani20102015

PanagiotisCharalampous
14 Sep 2020, 14:46

Hi dani20102015,

So you are seeing lots.

Best Regards,

Panagiotis

Join us on Telegram

@PanagiotisCharalampous

dani20102015
14 Sep 2020, 14:55

RE:

PanagiotisCharalampous said:

Hi dani20102015,

So you are seeing lots.

Best Regards,

Panagiotis

Join us on Telegram

Hi Sir

Understood.

Thank you so much,

Best regards.

@dani20102015

tradex1
15 Sep 2020, 00:11

Volume DO(Market)

I didnt think forex traders use DOM given there is no centralised exchange showing "market" depth and as
such can only show local "broker" depth?

maybe I'm wrong and there is a way to see market depth so would like to hear more on this?

thanks

@tradex1

PanagiotisCharalampous
15 Sep 2020, 08:17

Hi tradex1,

The absence of a centralized exchange does not exclude the possibility of different pools of liquidity with different market depths.

Best Regards,

Panagiotis

Join us on Telegram

@PanagiotisCharalampous

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