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Order Book question
Aug 06, 2021 at 18:17
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1 Replies
Aug 06, 2021 at 18:17
Hi all,
I am a bit confused about how to read an Order Book data from Kraken API call here:
https://api.kraken.com/0/public/Depth?pair=EURJPY
Let's say that it's EURJPY
what currency is "volume"? For example EURJPY right now shows ASK price=129.668 and ASK volume=3644.315.
I can deduce from current exchange rates that price of 129 is what 1 EUR buys you.
But what is 3644.315? I guess it can't be JPY because that's just 30 EUR!!! who would try to sell that?
Anu insights from experienced players?
Is the volume in JPY? I just find it a bit weird for someone to try and sell 3644.315/129.668=28.10 EUR!
I am a bit confused about how to read an Order Book data from Kraken API call here:
https://api.kraken.com/0/public/Depth?pair=EURJPY
Let's say that it's EURJPY
what currency is "volume"? For example EURJPY right now shows ASK price=129.668 and ASK volume=3644.315.
I can deduce from current exchange rates that price of 129 is what 1 EUR buys you.
But what is 3644.315? I guess it can't be JPY because that's just 30 EUR!!! who would try to sell that?
Anu insights from experienced players?
Is the volume in JPY? I just find it a bit weird for someone to try and sell 3644.315/129.668=28.10 EUR!
Member Since Jul 23, 2020
696 posts
Aug 08, 2021 at 03:41
Volume indicates how many traders are in the market according to the broker database.
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