Isaiah K824_ Carter

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What is market depth in forex platforms?

Market depth, also known as Depth of Market (DOM), displays the available buy and sell orders at different price levels. It shows how much liquidity exists above and below the current market price. Traders use market depth to gauge supply-demand balance and anticipate potential price movements. For example, a large buy wall can indicate strong support, while a sell wall suggests resistance. Market depth is particularly valuable for scalpers and institutional traders but is less relevant for long-term strategies. Access to accurate DOM depends on the broker’s liquidity connections.