who are those people?

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?

A combination of things:

Your broker may have a volume minimum, which they need to fill before they actually book the position. There can be any number of reasons. Some of them harmless, some of them not so harmless.

It might be an idea to run a parallel of your positions placed at the same time as the real ones in a demo or even a couple of demos - you'll have something to compare everything with. On the other hand, demos are by no means a perfect reflection of where your real position should be going.

Aud/Nzd is a very specialized pair. Small volume pairs swing between frozen and volatile. The NZD is heavily involved in what is known as the carry trade: taking advantage of interest rate differentials in the pair countries, one with high (NZ), one with low (JPY) to create margins on both a long and short balance.