US level 2 market depth & what market makers actually do

Full market depth gives you knowledge about top 10 bids and offer prices....this also shows the volume in per million traded
It it like traders sentiment...but their is a catch...😀

There is a common misunderstanding among traders,... suppose 20 traders are in...15 buying and 5 shorting...people think that market will actually go up....its wrong....market makers make money by going against the majority, thats how they make money....

this is basic idea, those who know more about this ...please elaborate, and correct me if i am wrong somewhere😄

Market depth isn't showing you what the market makers are doing. It's showing you what the other people in the market are doing. That's how I understand it.

So, if I place a sell stop order below the market I then become a part of that market depth. i.e. I am looking to sell at a price below the current market price. Therefore I would say that market depth does to some extent display the potential sentiment in the market.

But again, this is only my understanding of it, correct me if I'm wrong 😀

suppose this is the bid/ask price for eur usd.... ( 1.30060/1.30054 ) how is spread made out of this?...

what i think is attracting a seller at new bid price or attracting a buyer at ask price makes the spread...if marker maker makes a new bid at 1.30070 then thats the best bid and he just need to attract a seller to this and he made the spread...am I right?
vice versa for buyers

Bid Price

The bid price represents the highest priced buy order that is currently available for the market (i.e. the highest price that a trader is willing to pay to go long). The bid price is the same as the highest priced limit order on the buying side of the order book (the level 2 market data).

The bid price is the price that is received whenever a trader places a market sell order (i.e. a market order to go short). The reason for this is that a market sell order is always filled at the best available price, and for a sell order, the best available price is the highest buy order.

Ask Price

The ask price represents the lowest priced sell order that is currently available for the market (i.e. the lowest price that a trader is willing to pay to go short). The ask price is the same as the lowest priced limit order on the selling side of the order book (the level 2 market data).

The ask price is the price that is received whenever a trader places a market buy order (i.e. a market order to go long). The reason for this is that a market buy order is always filled at the best available price, and for a buy order, the best available price is the lowest sell order.

you have something informatiive...like an ebook or something, or a website...coz i am confused now 😀

https://daytrading.about.com/od/daytradingbasics/a/BidAskLast.htm

A Market maker doesn't put the orders through to market. He settles the clients against each other and only hedges in the real market when his book becomes unbalanced. The spread is fictitious.

The metatrader bucket shops anyway in the FX context.

ECN's it goes though to market, so no market making.

AMM - you're asking what a steering wheel does moments before you drive a bus with 120 people in it?

thanks :)

both you guys, you have any instant messengers??....wud love to chat :)

I'd also like to point out that by looks of it ECN's, which I believe to be tapping into what they call 'dark pools' are a direct response the what's happening in terms of HFT trading on wall street.

Remember 80% of the volume on the NYSE is rumored to be HFT trading between themselves. Crash waiting to happen if I ever saw one coming. Already had inexplicable 'flash crash' which no one has managed to explain yet.

People are rapidly moving away from those markets as they are no longer seen as fair. I would expect were in for interesting times going forward...

a genius only shares knowledge or what??....no chat ids 😱

To busy for casual chats. But if you're going to be managing money for clients you should know this stuff already. It's going to have huge impact going forward.

And I'd also like to point out that you're using a logo you're not entitled to use. You're representing yourself as being from Alpari. From your question it is evident you are not. I'm sure if anyone pointed that out to Alpari you'll get your posterior thoroughly kicked.

They have all your details after all, they know where you live....

I think I'm going to set up a user called George Soros and get his picture up.
Now THAT would generate some business

😈

Or get a hitman on your six, I'm sure he has a few enemies, he has a habit of raiding countries...that doesn't make to many friends.

I dint know that elkarat....i am an IB...but i dint know about this branding thing...thnkz 😄

that assclown sales associate ,from alpari said we can use this ...only if i use this for advertisement purpose in reality sales , then only i will be sued....but thankz anyway...i have changed it 😁

I don't quite buy that story...

We could always bump of an e-mail to Alpari and see what happens? Or would that not be required?

i can show you my IB account ... everybody is not a faker dude 😄