hello folks,
often you see a pair like AUD/NZD trading with a spread of 20 pips like 1.2340/1.2360.
trades are taking place around 1.2350 at that moment, but you dont see any of those buy/sell orders in the market.
if I place a buy/sell order @ 1.2350 nothing happens and I have to wait until the ask comes down to 1.2350 for my buy order to fill.
so who are those lucky people who buy/sell @ 1.2350, while I would have to buy @ 1.2360?
often you see a pair like AUD/NZD trading with a spread of 20 pips like 1.2340/1.2360.
trades are taking place around 1.2350 at that moment, but you dont see any of those buy/sell orders in the market.
if I place a buy/sell order @ 1.2350 nothing happens and I have to wait until the ask comes down to 1.2350 for my buy order to fill.
so who are those lucky people who buy/sell @ 1.2350, while I would have to buy @ 1.2360?