I am little confused on basic bid-ask concepts.
Let's suppose I have a BUY order i.e I want to buy shares.
I can either place the order at BID price, lower than BID price or higher than bid price.
Now I know, if I place it Display-Higher than bid, I will raise the bid price. If I place it at Bid, I will raise Bid Size. If I place it at lower than bid then what will happen?
Finally, I am confused on how will hidden orders affect the bid price? Will Hidden, Higher than the bid/at Bid /lower than bid affect the Bid price?
Submitted September 17, 2016 at 08:21PM by newbiealgotrade