A thread for silly questions from new folks who really haven't got a hang on the "whole trading thing" yet. (or the "hole trading thing" if i'm referring to my account). We'll reserve this thread for the most mundane questions, likely to be of no use to man-nor-beast other than the asker, but worth sharing anyways.
I'll kick off with a starter for 10!
Assuming the order book is static, if i place a limit order does it get put on the order book no matter what level i place the at?
And an extra for 5!
If i place a market order (to buy for example) does it get placed on the order book as a bid at the current ask-price, then matched against that ask? or is the ask just taken off the books?
(see, i told you there were silly questions)
Andrew.
I'll kick off with a starter for 10!
Assuming the order book is static, if i place a limit order does it get put on the order book no matter what level i place the at?
And an extra for 5!
If i place a market order (to buy for example) does it get placed on the order book as a bid at the current ask-price, then matched against that ask? or is the ask just taken off the books?
(see, i told you there were silly questions)
Andrew.
