Bookmap is a trading platform that caters specifically to the needs of active and day traders who are seeking more depth than what standard stock charts offer. If you’re looking for enhanced indicators and visual tools to deepen your market analysis, Bookmap could be the solution.
This platform provides a detailed, immersive view of market dynamics, offering features such as real-time data visualization, volume dots, and comprehensive price levels. These tools are designed to give traders a clearer understanding of market liquidity and trends, facilitating a more informed trading decision-making process.
Beyond just stocks, Bookmap allows trading across various assets including ETFs, futures, and cryptocurrencies. It stands out with its one-click trading functionality and deep insights into the limit order book, enabling traders to identify and respond to opportunities swiftly.
So, should you download Bookmap? If your trading strategy demands a deeper, more granular view of the market and you’re looking to leverage quick, informed decisions based on real-time data, then exploring what Bookmap has to offer could be a significant next step for your trading activities. Read on to decide for yourself.
What is Bookmap?
Bookmap is essentially a high-tech platform for trading, created through the teamwork of expert traders and talented software developers. It first hit the market in 2014 and has since been providing traders with a fresh way to look at the market, focusing heavily on showing data as it happens.
What sets Bookmap apart is its unique heatmap feature, which really dives into the market’s details, showing exactly how buyers and sellers are behaving. This feature gives traders a deep dive into market dynamics, hence the name Bookmap, a blend of ‘OrderBOOK’ and ‘HeatMAP’. This combination gives traders a full, unedited view of what’s happening in the market.
Designed for traders who are serious about their craft, Bookmap offers an edge by allowing them to see price movements and trends unfold in real time. Plus, it’s user-friendly for those looking to try it out without spending money upfront, as there’s a free version available.
This makes Bookmap an appealing choice for anyone wanting to up their trading game by adding another layer of insight into how the market moves.
What is Included With Bookmap?
When deciding if you should download Bookmap, you must consider the features it offers and compare that to pricing and your needs. Here is my breakdown of what is included with Bookmap:
- Heatmap Visualization: Central to Bookmap, this feature provides a color-coded view of the order book in real-time, allowing traders to easily track buyer and seller activities and identify key support and resistance levels.
- Order Flow Analysis: Refreshing data 40 times per second, Bookmap gives traders almost instant insight into market activities, enhancing decision-making with tools like Volume Bubbles and intuitive heatmaps.
- Current Order Book (COB): Offers real-time visual data on pending orders, aiding in understanding market depth and pinpointing potential trading opportunities by displaying liquidity at various price levels.
- Volume Dots and Trade Alerts: These features help visualize trade sizes and directions, enabling quick identification of market momentum changes based on volume.
- Data Accessibility: Bookmap provides both historical and real-time market data from various sources, catering to different trading strategies and time frames.
- Analytical Tools: Unique indicators like the Imbalance Tracker, Strength Level Indicator, and Large Lot Tracker offer insights into market liquidity, participant activity, and order book dynamics.
- Customization and Add-ons: The platform allows for extensive customization, letting users tailor their experience with custom indicators and third-party add-ons.
- Replay and Zoom Features: Traders can record market data and replay it for analysis, benefiting from the unique nanosecond zoom capability for detailed examination.
- Multi-Asset Trading: Supports a variety of assets including stocks, ETFs, futures, and cryptocurrencies, though it lacks options and bonds trading capabilities.
- Algorithmic Trading and Broker Compatibility: Bookmap integrates well with algorithmic trading strategies and is compatible with a range of brokers and platforms, enhancing its utility across different market segments.
- Community and Learning: The platform boasts a vibrant community and extensive educational materials, accessible to various levels of traders, enhancing knowledge and networking.
Bookmap Pricing
The next consideration when deciding if you should download Bookmap is the price. Bookmap provides 4 different subscription options, including a free one, to help meet the depth of needs of all users. Here is my breakdown:
- Digital Free: This basic level is free and includes delayed market data, volume dots, and price levels, ideal for those new to the platform or those who trade less frequently.
- Digital Plus: Priced at $19 per month, this tier builds on the Digital plan by adding real-time data for crypto, access to more market data providers, enhanced interface customization, and features like one-click crypto trading and the ability to use the Record/Replay function.
- Global: At $49 per month, the Global plan includes all Digital Plus features, expands access to real-time data for futures and stocks, and increases the number of tradable symbols from 2 to 10. This tier is designed for more active traders looking for deeper market insights.
- Global Plus: The premium option at $99 per month offers comprehensive features for the most serious traders. It includes all benefits of the Global plan, plus advanced market data analysis tools, personalized training sessions, additional customization options, and one-click trading for stocks and futures.
How To Download Bookmap And Get Started
To kick off your journey with Bookmap, begin by downloading the software from their website. Simply hit the “Start for Free” button on the homepage, follow the straightforward instructions, and choose the right version for your operating system, whether Windows or Mac.
After installing and launching the software, you’ll need a license key to proceed. This key can be found by logging into your account on the Bookmap website, typically located in the user portal. Additionally, Bookmap should send this key to you in a welcome email – don’t forget to check your spam folder if it doesn’t appear in your main inbox.
To fully utilize Bookmap, register and choose one of the available subscription packages. Upon registration, you’ll receive an email from Bookmap containing your license key. This key is crucial for getting started, so keep it handy.
Next, visit the Bookmap portal to view your account details, access your license key, and stay updated with the latest software releases. This portal also offers educational materials like courses and webinars to help ease your initiation into the platform.
When opening Bookmap for the first time, enter your license key as prompted. Following verification, a dialogue box will appear with various Bookmap run options for you to select from.
Once you’re past the setup, navigate to the “Connections” section found on the upper menu bar. Here, you’ll configure your settings by adding necessary data provider credentials.
After configuring, choose your data providers and select the symbols you wish to monitor.
With these steps completed, you’re now ready to dive into the world of Bookmap and start exploring.
Should You Download Bookmap?
Wondering if you should download Bookmap? It really comes down to what you’re looking for in a trading platform. Day traders who need detailed, real-time market insights, along with tools like volume dots, price levels, and quick trading options, might find Bookmap to be a valuable asset.
Ready to see what Bookmap has to offer? Click Here to sign up.