In forex trading, the term “book” can refer to a trader’s record of open positions and trading activity. It is also commonly used to describe the aggregate record of orders placed by market participants on a particular currency pair.
A trader’s book typically includes information about the size and direction of their open positions, as well as any pending orders that have not yet been filled. Traders may use their book to assess their overall risk exposure, to identify potential trading opportunities, and to make decisions about when to enter or exit trades.
In the context of the forex market, the term “book” can also refer to the order book, which is a real-time record of all pending buy and sell orders for a particular currency pair. The order book provides traders with valuable information about the supply and demand for a currency pair at any given moment, which can help them to make informed trading decisions.