Bookmap vs Jigsaw Trading 2024: What is the difference?
As active traders, we constantly seek tools that offer advanced market insights to guide our trading strategies. In the quest to decipher the complexities of the stock market, two platforms stand out: Bookmap and Jigsaw Trading.
Both trading platforms present cutting-edge solutions, aiding day traders in understanding market conditions in real-time. In this article, we delve deep into a comprehensive comparison between Bookmap and Jigsaw, dissecting their features, usability, and performance.
|Bookmap is Better for:
|Jigsaw is Better for:
|Swing traders who need a visual representation of market liquidity
|Day traders who want a real-time view of trading activity and order flow charts
|Traders who value heatmap visualization for identifying hidden price patterns
|Traders who appreciate a user-friendly interface combined with powerful tools
|Those who prefer a basic subscription with the option to access additional features
|Traders seeking comprehensive educational materials to improve their trading skills
Comparing Bookmap and Jigsaw at a Glance
Before we get into the nitty-gritty, here’s a quick comparison table to help you understand the fundamental differences and similarities between the two platforms. And if you’d like more info about each platform individually, you can check out our full review of Bookmap, or our complete rundown of Jigsaw Trading.
|Type of Service
|Cutting-edge trading platform
|Advanced trading platform
|Understanding market liquidity
|Order flow trading
|Email and chat
|Email and forum
|Ideal for swing and day traders
|Perfect for day traders and scalpers
|Basic and premium subscription plans
|User-friendly interface with varied subscription plans
|Modest Money Overall Rating
Factor 1: Visualization of Market Activity
Bookmap presents heatmap visualization to help unravel hidden price patterns:
- Jigsaw utilizes order flow charts to provide a comprehensive view of trading activity.
- Traders who value intuitive and comprehensive market visualization might prefer Bookmap’s heatmap.
Bookmap: Unraveling Hidden Price Patterns
Bookmap is a powerful tool for book traders, specifically those who find value in visual representation of market activity. Its unique heatmap provides traders with a historical representation of market liquidity and resistance levels, helping to identify hidden price patterns and track price movements. This allows users to tailor their trading strategies accordingly, providing an edge in the market.
Jigsaw: Comprehensive Order Flow Charts
While Jigsaw doesn’t provide a heatmap like Bookmap, it compensates with comprehensive order flow charts that offer an in-depth view of trading activity in real-time. These charts, combined with tools like Volume Profile, provide a clear picture of the depth of the market, making it a handy tool for day traders who need to quickly understand and adapt to changing market conditions.
Factor 2: Real-Time Market Data
Jigsaw provides a detailed view of trading activity and price action:
- Bookmap and Jigsaw both provide crucial insights into market conditions
- Both platforms offer real-time data, with Bookmap focusing on market liquidity and Jigsaw on trading activity.
Bookmap: Live Updates on Market Conditions
For traders who prioritize understanding market liquidity, Bookmap’s real-time data is a significant benefit. By offering a constant stream of live updates on market conditions, Bookmap ensures traders stay ahead of the curve and make informed decisions based on the most recent data.
Jigsaw: Real-Time View of Trading Activity
Jigsaw takes real-time data a step further by focusing on trading activity. Its powerful tools give traders a real-time view of trading activities, price action, and other crucial market insights, enabling them to make quick, informed decisions.
Factor 3: Educational Materials and User Support
Jigsaw offers comprehensive educational materials for traders:
- Bookmap’s customer support is more accessible, available through email and chat.
- Jigsaw stands out in this factor due to its commitment to trader education and user-friendly interface.
Bookmap: Accessible Customer Support
While Bookmap does not offer extensive educational resources like Jigsaw, it compensates by providing accessible and responsive customer support. Available through email and chat, Bookmap’s support team is ready to assist users in navigating the platform and addressing any issues that may arise.
Jigsaw: Empowering Traders Through Education
One of the most commendable aspects of Jigsaw is its dedication to empowering traders through education. It offers a robust library of educational materials, enabling traders to refine their strategies and meet their trading goals. This, combined with a user-friendly interface and powerful tools, makes Jigsaw an excellent tool for both novice and experienced day traders.
The Verdict: Bookmap or Jigsaw?
Both Bookmap and Jigsaw are robust trading platforms with their own unique strengths. They cater to different styles of traders and offer a suite of advanced tools to meet their needs.
However, even though both platforms are incredible and meet the needs of different investors, we give a slight edge to Jigsaw. The comprehensive educational materials, user-friendly interface, and in-depth market data make Jigsaw an excellent tool for day traders. If you’d like to get started with Jigsaw Trading today, click here.
If you think that Bookmap is the platform for you, get started here.
Whatever platform you choose, it is essential to consider your trading style, budget, and goals. Remember, the best platform is the one that aids you in making informed trading decisions and meets your specific trading needs. Whether you choose Bookmap or Jigsaw, both platforms will prove instrumental in your trading journey.