Are you a day dealer looking for that game-changing platform to raise your buying and selling recreation? Nicely, we’d have discovered the fitting answer to your buying and selling wants, and it’s known as Bookmap.
This platform has been creating fairly a buzz amongst day merchants. You is perhaps inquisitive about what makes Bookmap stand out within the sea of buying and selling platforms and whether or not it has that further oomph to supercharge your day buying and selling expertise.
On this riveting Bookmap evaluate, we’ll take you thru its options, price, professionals, and any potential hiccups you might encounter.
By the top of this submit, you’ll have all of the insights you could decide if Bookmap is the perfect companion on your buying and selling model and ambitions.
What’s Bookmap?
Think about a platform that pushes the boundaries of real-time knowledge visualization, providing you a crystal-clear illustration of market knowledge as you’ve by no means seen earlier than.
That’s Bookmap for you, with its fascinating heatmap performance captures market knowledge with unimaginable precision.
Since its launch in 2014, Bookmap has turn into a formidable participant within the market-depth knowledge visualization area.
Positive, there are numerous charting instruments, however none evaluate to Bookmap. Conventional charting instruments can generally depart you wanting extra, as they might filter or summarize knowledge beforehand or solely use knowledge from ECNs.
However right here’s the place Bookmap steals the present – it’s all about leveraging 100% of the market knowledge for spot-on evaluation.
As a substitute of providing you with pre-filtered info, Bookmap lays out the total market depth to discover.
Options of Bookmap?
Bookmap supplies a number of options that may be useful to merchants of all ranges.
1. Heatmap and Quantity Dots
Bookmap brings distinctive options to the desk, with its heatmap being the present’s star.
This good software shows the order e book’s dynamics utilizing an easy-to-understand coloration scale. Consider heat hues like yellow, orange, and purple reflecting assist and resistance ranges.
The heatmap reveals all the order e book and buying and selling quantity, each present and previous, providing you with a quicker and extra in-depth understanding of market dynamics.
2. Iceberg Detector and Giant Lot Tracker (LLT)
Think about having the ability to spot the “massive fish within the pond” – that’s what this characteristic does, serving to you pinpoint the most important restrict orders within the order e book.
3. Replay Mode
Now, that is tremendous helpful – Replay Mode information your real-time buying and selling periods for later evaluation. You possibly can research the order e book’s growth, which can spark recent concepts or encourage enhancements to your buying and selling methods.
4. One-click Buying and selling
Who doesn’t love comfort? With Bookmap, you may commerce immediately from the chart utilizing one-click buying and selling.
Place your orders proper on the chart and on the highest subscription stage. You possibly can even commerce straight from the Bookmap chart. It helps all widespread order sorts, together with OCO orders and bracket orders.
5. Actual time Knowledge
Bookmap is all about being up-to-date, with its event-driven software refreshing each 30 milliseconds. It delivers unfiltered, “uncooked” real-time knowledge for all US shares at full depth, masking US inventory exchanges like Nasdaq TotalView and Nasdaq Final Sale.
And when you’re concerned with future knowledge feeds, you may subscribe to these. What do you concentrate on the options? You may also learn this evaluate on Bookmap by MBN.
Bookmap Pricing
Bookmap has crafted 4 completely different pricing plans to accommodate the numerous wants and budgets of merchants like your self.
Right here’s a fast rundown of the plans obtainable:
- Digital: Beginning with probably the most fundamental plan, which is free! You’ll take pleasure in entry to delayed market knowledge, quantity dots, and value ranges.
- Digital Plus: For a mere $16/month, this plan consists of all the pieces within the Digital plan and presents entry to further market knowledge suppliers and the flexibility to personalize the interface.
- International: Priced at $39/month, this plan encompasses all the pieces within the Digital Plus plan whereas unlocking entry to the market replay and much more market knowledge sources.
- International Plus: At $79/month, that is the last word plan Bookmap has to supply. You’ll get all the pieces within the International plan, superior market knowledge evaluation instruments, and tailored coaching periods to sharpen your buying and selling experience.
With these choices, you could find the right plan that aligns along with your wants and finances, permitting you to maximise your Bookmap expertise.
Execs of Bookmap
- Actual-time market knowledge
- In-depth market knowledge visualization
- Number of market knowledge suppliers
- One-click buying and selling characteristic
Cons of Bookmap
- Costly
- The educational curve is barely steep
- Restricted platform compatibility
Is Bookmap Price it?
Is it value your hard-earned money? Nicely, that is determined by your distinctive wants and buying and selling aspirations.
Bookmap is without doubt one of the finest for day merchants looking for a complete platform that boasts real-time market knowledge, quantity dots, value ranges, and one-click buying and selling, then Bookmap may simply be proper up your alley.
Nonetheless on the fence after this chat? No worries! Give the free Digital plan a whirl to check the waters earlier than diving right into a paid subscription.
And all the time bear in mind, no buying and selling platform can promise inventory market success. Doing your personal analysis and making well-informed choices primarily based in your private threat tolerance and monetary aims is essential.
Click on right here to enroll in the fundamental Digital plan without spending a dime, or stage as much as one of many paid plans to unlock further options and market knowledge suppliers.