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Education

Here you will find all the knowledge and tools for confident trading in the
Moonbot terminal:
from understanding terms and strategies — to trade analysis and risk control.

Price and Market Mechanics



 — the value of an asset expressed in another asset or currency within a trading pair.

— the best available buy or sell price of an asset at the current moment, formed by the orders in the order book. The market price is not an average or calculated value and may change as new orders appear.

— the degree of price fluctuation of an asset over a certain period. High volatility means sharp and frequent price movements, while low volatility indicates smoother and more stable trends.

 — a market characteristic that reflects how quickly and easily an asset can be bought or sold at the market price without significantly affecting it.

also known as the “market depth” — a table of all active limit orders to buy and sell an asset. It displays market depth (the number and volume of orders at different price levels) and liquidity (the ability to quickly execute trades without significantly impacting the price). The larger the order volumes in the order book, the deeper the market and the higher the liquidity — meaning large trades can be executed with minimal slippage (the term "slippage" is explained below).


The Order Book is divided into two parts:


Bids — buy orders placed below the current price. These are usually displayed in green. Bids show the price and volume at which buyers are willing to purchase an asset.
Asks — sell orders placed above the current price. These are usually displayed in red. Asks show the price and volume at which sellers are willing to sell an asset.

All bids and asks in the order book are limit orders. There are two main types of orders:


Limit order — an order to buy or sell at a specific price set by the trader. For example, if you want to buy Bitcoin for no more than 90,000 USDT, you place a limit order at that price. The order enters the order book and waits to be filled when the market price — meaning the best available ask in the order book — reaches or falls below your specified level. Note: "Market price" in this context refers to the best available ask in the order book at the current moment, not an average or calculated value.
Market order — an order to buy or sell immediately at the best available price. A market order does not enter the order book — it is executed instantly by "consuming" existing limit orders in the book. Advantage: guaranteed execution. Disadvantage: the execution price may differ from the expected one, especially in low-liquidity conditions (slippage). 

Thus, the order book is formed by limit orders — they create supply and demand at different price levels. Market orders use liquidity from the order book — they are executed against limit orders placed by other traders.


⚠️ The difference between the best bid (highest buy price) and the best ask (lowest sell price) is called the spread. The smaller the spread and the larger the volumes in the order book, the higher the asset’s liquidity and the more favorable the trading conditions.


 — the difference between the best bid (buy price) and the best ask (sell price) in the order book.


Orders and Trade Execution

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