Trading using DOM
The DOM (depth of market) is a tool that shows the current buy and sell orders for a particular security or currency pair in a market. It displays the quantity of contracts or units that are being offered at each price level, and can be used by traders to make informed decisions about their trades.
Traders can use the DOM to get a sense of the supply and demand for a security, and to identify potential entry and exit points for their trades. Some traders use the DOM to place trades directly, while others use it as a reference tool to help inform their decision-making process.
Using the DOM can be a useful technique for traders, but it is important to keep in mind that the DOM is only a snapshot of the market at a particular moment in time, and market conditions can change rapidly. It is always important for traders to consider multiple sources of information and to use risk management techniques to protect against potential losses.