I also recommend reading Darkstar's thread on this, it's extremely informative.
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DislikedOn an exchange, the ask price is coupled with an amount/volume the seller can give you of the currency you are buying. When you fill that amount with your long order, the next best price (always higher) becomes the new ask price, and the bid moves with it. No magic involved, just supply and demand. To see a graphic example, go back to darkstar's well written sticky in the brokers forum.Ignored
Dislikedyep! but on a 10-lot order, i would probably break it down into 10 1-lot orders. not that a 10-lot order would get a bad fill or move the market (1mil order is considered fairly small), its just good practice to spread out the execution risk.Ignored
Disliked1mil can move the market a few pips. I've done it. If you can stomach losing a few 100s, you should try it sometime.Ignored
Disliked1mil can move the market a few pips. I've done it. If you can stomach losing a few 100s, you should try it sometime.Ignored