Dear Trader,

1st of January 2022 onwards, Vantage will be using the new domain vantagemarkets.com.

While vantagefx.com is still live, we encourage you to update your bookmarked URL, email address book, marketing hyperlinks, and visit vantagemarkets.com for the most up-to-date notifications, contents, promotions and queries support.

Do take note that as of 1st of February 2022, vantagefx.com will no longer be online.

Should you have any questions or require assistance from our team, feel free to reach out to us at [email protected]

Trade Forex

Learn to use the MT5 platform

OPEN LIVE ACCOUNT

How to use the MT5 Depth of Market tool

Depth of Market (or DoM) as a popular trading tool that helps traders see market liquidity, or the number of trades in the market and at which price.

Market Liquidity is a key aspect for traders, this is because if there’s not enough liquidity in a given market to match your orders, your orders are likely to be slipped or filled at a higher or lower price than you intended.

So let’s see what it looks like and open the Depth of Market panel on MetaTrader 5. To do so, just right click ‘Market Watch’ and select ‘Depth of Market’

Now, you’ll be able to see the symbols market liquidity. It should look something like below.

The list of prices in red, are the ‘Ask’ prices, and the blue ones are the ‘Bids’. The volume column shows the available liquidity in the market at that price.

Buying and selling using DoM

To execute a trade from the DoM in MT5, you simply just click the appropriate trade command, ie. Buy or Sell, and the required amount that you wish to trade.

Being able to view depth information allows traders to profit from short-term price volatility. For example, it can be easier to see demand entering or exiting a market by seeing where large orders have been placed or where the liquidity is so you can buy and sell more efficiently.

Fast & easy account opening

  • Register

    Choose an account type and submit your application

  • Fund

    Fund your account using a wide range of funding methods.

  • Trade

    Access 300+ CFD instruments across all asset classes on MT4 / MT5

That's it, it's that easy to open a Forex and CFD trading account.
Welcome to the world of trading!
open live account