Are you in search of a instrument that won’t solely let you analyze market tendencies and market occasions utilizing real-time knowledge but in addition features as a buying and selling platform? In that case, then you definately’ve in all probability heard of Bookmap earlier than!
This buying and selling platform presents you with a deeper market perception all through your buying and selling classes, permitting you to trace market dynamics and make knowledgeable buying and selling selections all through your day.
In fact, there are a number of platforms that declare to present you a “deeper perception,” however what does it truly imply? You’ll discover out quickly on this Bookmap Reside Buying and selling overview!
What’s Bookmap?
Bookmap—or Bookmap dwell buying and selling—features each as a buying and selling platform and a group of highly effective instruments. The platform provides merchants entry to a variety of knowledge reminiscent of market motion, market depth, market liquidity, and real-time order circulate on a single desktop software.
The principle attraction of Bookmap is that it means that you can act upon any hidden worth patterns you discover nearly immediately utilizing its “one-click buying and selling” function. With knowledge that’s up to date by the second, it’s not onerous to see why energetic merchants flock to this platform.
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Who Makes use of Bookmap?
The platform is designed primarily for day merchants, though it may possibly actually be utilized by like-minded merchants as effectively. The extent of knowledge it provides is sort of complete, making it an important choice for extra skilled merchants.
That’s to not say that much less skilled merchants gained’t be capable of profit from utilizing the platform. They actually will, however there’ll possible be a little bit of a studying curve earlier than they’ll make the most of each function to its full potential.
Thankfully, Bookmap doesn’t go away newer merchants to fend for themselves. The corporate often provides Professional Dealer Webinars, which covers primary matters (like platform use) and superior matters (reminiscent of buying and selling techniques) alike.
The Options
The advantages of utilizing Bookmap dwell buying and selling start with its dwell knowledge, which is correct all the way down to the second. This excessive degree of accuracy permits merchants to simply hold monitor of worth ranges and analyze market motion.
The platform provides varied commerce evaluation instruments reminiscent of quantity profile, quantity bubbles, and quantity dots. These visualization instruments make it straightforward to establish tendencies—reminiscent of excessive ranges of liquidity—that might typically go unnoticed in the event that they’d been trying purely at numbers alone.
Merchants even have entry to Bookmap’s depth of market function, which permits them to see the complete restrict order e-book (giving direct perception into market liquidity!). Information will be sourced from varied market knowledge suppliers, though extra market knowledge charges will apply.
Whereas all of this knowledge is actually helpful, you will get related knowledge on different platforms. Being able to make trades whereas analyzing the dwell knowledge is the large promoting level of Bookmap. Armed with knowledge, commerce evaluation instruments, and buying and selling talents side-by-side-by-side, you’ll undoubtedly be capable of benefit from market modifications as quickly as they occur.
The Downsides
There are solely two downsides to this platform, however they’re price protecting nonetheless.
First is the precise complexity of the platform itself. Whereas being extraordinarily succesful isn’t essentially a difficulty, it may possibly make it onerous for first-time customers to navigate and perceive all the knowledge supplied. Quantity instruments (reminiscent of quantity bars and quantity dots) can have a little bit of a studying curve earlier than they’re immediately understandable.
The second is the fee. We’ll cowl this extra in-depth momentarily, but it surely’s necessary to keep in mind that—along with paying for a license key and your month-to-month plan—you’ll additionally have to pay for any extra knowledge feeds you need entry to.
The platform was restricted to desktop customers solely, however because of the discharge of Bookmap internet, it may possibly now be used on a number of working techniques (so long as they’re operating a supported browser).
The Costs
- Digital Free – This plan prices $0/month and grants entry to real-time crypto knowledge, delayed futures/inventory knowledge, some analytical instruments, and varied academic assets.
- Digital Plus – For $16/month, merchants can acquire entry to instrument copy, report/replay, VWAP, POC, one-click buying and selling (crypto), worth ranges, cross BBO, and the consolidated order e-book.
- World – At $39/month, “World” unlocks real-time futures & shares knowledge (knowledge plan required), the liquidation indicator, and permits merchants to view as much as 10 symbols on the similar time.
- World Plus – Costing $79 monthly (plus relevant knowledge plan charges), this plan unlocks each function of the platform.
Bookmap Reside Buying and selling: A Abstract
Bookmap dwell buying and selling is a strong mixture of buying and selling instruments and buying and selling capabilities, mixed right into a single platform. It’s finest fitted to day merchants who want the power to investigate and immediately react to dwell market knowledge; it’s extraordinarily overpowered for informal or long-term buyers.
Though the platform does have a couple of drawbacks, we expect that the general advantages outweigh these few minor points. For those who’re enthusiastic about seeing what the platform has to supply for your self, click on right here to enroll in a free “Digital” account immediately!
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