Bookmap has been gaining consideration amongst day merchants, however the query stays: is Bookmap price it? On this Bookmap evaluation, we’re going past the floor, inspecting its core options and what units it aside.
Notably, Bookmap presents one-click buying and selling and a deep view of the restrict order ebook, permitting merchants swift and knowledgeable actions. But, it’s not only a buying and selling instrument. Bookmap gives an expansive vary of market knowledge from varied suppliers and a novel Heatmap expertise.
Be part of us as we dive deeper into what Bookmap actually presents.
Be taught Extra About Bookmap
What’s Bookmap?
Bookmap stands out amongst buying and selling platforms, providing an arsenal of instruments tailor-made for the fashionable dealer. Created by a coalition of skilled merchants and software program engineers, Bookmap was designed to boost buying and selling selections by harnessing the facility of real-time market knowledge visualization.
Since its 2014 launch, the platform has been a cornerstone for day merchants, swing merchants, and even high-frequency merchants on main exchanges. Now, what does Bookmap deliver to the desk? At its core, it boasts the distinctive heatmap performance, providing a graphical illustration of market depth. That is significantly helpful for recognizing hidden worth patterns, gauging market liquidity, and understanding market tendencies.
The title itself, as CEO Tsachi Galanos explains, is a fusion of “OrderBOOK” and “HeatMAP.”
Be it inventory buying and selling, futures buying and selling, and even cryptocurrency buying and selling on crypto exchanges, Bookmap makes positive merchants are geared up with the analytical indicators mandatory to regulate to the market dynamics in real-time.
Bookmap Options
- Heatmap Visualization: Bookmap’s heatmap gives a color-coded illustration of the order ebook. Heat colours, like yellows and reds, point out help and resistance ranges. The instrument helps customers visualize real-time interactions between patrons and sellers.
- Quantity Dots: These dots visually signify buying and selling volumes. Bigger dots imply increased quantity, and smaller dots point out decrease quantity. Customers can toggle them on or off and regulate their sizes as wanted.
- Iceberg Detector and Massive Lot Tracker (LLT): This instrument highlights vital restrict orders within the order ebook, permitting customers to determine substantial trades.
- Replay Mode: Customers can report real-time buying and selling periods and evaluation them later in replay mode, serving to refine methods and perceive previous market dynamics.
- One-click Buying and selling: Customers can simply place orders straight from the chart, simplifying the buying and selling course of. It helps varied order varieties, together with OCO-orders and bracket orders.
- Historic and Actual-time Knowledge: Bookmap delivers real-time knowledge that refreshes each 30 milliseconds, masking all US shares. Customers also can entry historic knowledge and zoom in to particular timeframes, from hours to nanoseconds.
- Customized Indicators and Add-ons: Customers can personalize their Bookmap expertise by including customized indicators and add-ons, or by selecting from obtainable third-party options.
- Multi-platform Compatibility: Bookmap is accessible on a number of platforms, together with Home windows, macOS, and the cloud.
- Depth of Market: This characteristic gives a complete view of the restrict order ebook, providing insights into market liquidity and potential buying and selling alternatives.
- Customizable Interface: The Bookmap interface might be tailor-made to particular person preferences, permitting adjustments in colour schemes and the show of particular knowledge factors.
Bookmap Pricing
Bookmap presents a variety of pricing plans to cater to totally different buying and selling wants:
- Digital Plan: It is a free plan. It gives entry to delayed market knowledge for shares and futures, and real-time knowledge for main cryptocurrencies resembling GDAX and Bitfinex. Included options are quantity dots and worth ranges.
- Digital Plus Plan: Priced at $19 per thirty days, this plan builds upon the Digital Plan. It presents entry to extra market knowledge suppliers, interface customization choices, and added indicators like VWAP. Moreover, there’s a one-click buying and selling characteristic for cryptocurrencies.
- International Plan: This plan prices $49 per thirty days. It grants all the things within the Digital Plus, however with real-time knowledge for futures and shares. In order for you full market depth knowledge from EDGX, it’s an additional beginning at $59 per thirty days. This plan is suitable with varied market knowledge suppliers supported by Bookmap.
- International Plus Plan: The premium plan, priced at $99 per thirty days, consists of all of the options of the International Plan. It additionally introduces one-click buying and selling for shares and futures, in addition to superior instruments resembling the big lot tracker, imbalance indicator, and Depth of Market Professional. Personalised coaching periods are additionally a part of this bundle.
For these on the lookout for financial savings, a 20% low cost is on the market on annual subscriptions. Lifetime subscriptions are additionally obtainable: $990 for the International plan and $1,990 for the International Plus plan.
Is Bookmap Value it?
Deciding if Bookmap is price it, relies upon largely in your private buying and selling targets. In case you’re a day dealer in search of a platform that delivers real-time market knowledge, shows quantity dots and worth ranges, and presents one-click buying and selling, then Bookmap is likely to be an excellent match for you.
For these on the fence, a sensible method is likely to be to check out the free Digital plan. This provides you a firsthand really feel of the platform with none monetary dedication.
Remaining Ideas
Bookmap has carved a distinct segment for itself on the earth of buying and selling platforms, providing an array of options tailor-made to each the novice and seasoned dealer. With its distinctive heatmap visualizations, real-time knowledge, and a collection of customizable instruments, it actually units itself aside.
Bear in mind, the best platform can improve your buying and selling expertise, however thorough analysis and an understanding of 1’s personal buying and selling wants are paramount.
Contemplating all its options and advantages, Bookmap does make a compelling case for itself. In case you’re eager on diving deeper and exploring what Bookmap has in retailer, click on right here to get began.
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