TradingView has added a key feature to the CQG platform to support a social community of over 1 million traders.
Online web based charting provider, TradingView, announced today on its blog the addition of a new trading tool – Depth of market (DOM), which is already available now on the charting platform, as per a corporate statement.
The new tool shows a list of open buy and sell orders for a security at different prices, so you can see at a glance what kind of Liquidity is available for each symbol and each price. The data is streamed from CQG, and could be slightly different since various data sources are used.
Since it shows pending orders for a security or currency, depth of market data is also known as the order book.
Useful tools
In general, such DOM tools give traders a close-up view of market liquidity. As such, it is particularly very useful for traders who need to see details of short-term price action, and those who need to open and close orders quickly, such as scalpers or those who trade news events.
To use the new feature, the trader needs to connect to his CQG account, then click the ↑↓ button at the top right of the chart. After that, a new window will open to display Depth of Market for the current security.
Data is shown in a semi-static format. This means that the price rows are fixed while the price moves within the shown range. If the price moves above or below the visible range, it’s re-centered after 5 seconds.
From the table above, you can place orders at a specific price. These orders will be Limit or Stop orders by default. To buy, click the cell at a price you want in the left column, to sell – in the right one.
Another thing you can do with the new feature is manage your trades by closing open positions or cancelling orders. Traders can also change any settings they like from the DOM window, simply by clicking the MODIFY button. Further, to cancel only one order, click the X next to the order’s tag. The new update also includes a Close All button which will let traders close all open positions sequentially with a single click.
A chart-based offering
TradingView is a data-driven investor community which offers a comprehensive charting tool. The company’s approach differs from other social trading networks because it is chart based with an emphasis on visuals to support investing and provides communal space to view and share trading ideas.
TradingView also has a web-store where users can purchase access to third-party tools. Also recently notable for TradingView is how it has been able to deliver access to a multitude of brokerages to its charting solutions through a new partnership with Tradeable.
Online web based charting provider, TradingView, announced today on its blog the addition of a new trading tool – Depth of market (DOM), which is already available now on the charting platform, as per a corporate statement.
The new tool shows a list of open buy and sell orders for a security at different prices, so you can see at a glance what kind of Liquidity is available for each symbol and each price. The data is streamed from CQG, and could be slightly different since various data sources are used.
Since it shows pending orders for a security or currency, depth of market data is also known as the order book.
Useful tools
In general, such DOM tools give traders a close-up view of market liquidity. As such, it is particularly very useful for traders who need to see details of short-term price action, and those who need to open and close orders quickly, such as scalpers or those who trade news events.
To use the new feature, the trader needs to connect to his CQG account, then click the ↑↓ button at the top right of the chart. After that, a new window will open to display Depth of Market for the current security.
Data is shown in a semi-static format. This means that the price rows are fixed while the price moves within the shown range. If the price moves above or below the visible range, it’s re-centered after 5 seconds.
From the table above, you can place orders at a specific price. These orders will be Limit or Stop orders by default. To buy, click the cell at a price you want in the left column, to sell – in the right one.
Another thing you can do with the new feature is manage your trades by closing open positions or cancelling orders. Traders can also change any settings they like from the DOM window, simply by clicking the MODIFY button. Further, to cancel only one order, click the X next to the order’s tag. The new update also includes a Close All button which will let traders close all open positions sequentially with a single click.
A chart-based offering
TradingView is a data-driven investor community which offers a comprehensive charting tool. The company’s approach differs from other social trading networks because it is chart based with an emphasis on visuals to support investing and provides communal space to view and share trading ideas.
TradingView also has a web-store where users can purchase access to third-party tools. Also recently notable for TradingView is how it has been able to deliver access to a multitude of brokerages to its charting solutions through a new partnership with Tradeable.
Interactive Brokers Expands Offerings with Daily Options on French Stocks
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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