Does anyone use bid/offer orders over limit buy/sells ?
With my broker, I can place bid & offer orders into the marketplace which allow me to act as a market maker. I've never really used these orders except when trailing on demo. the main feature of these orders from what I can see is there is no spread to pay, essentially the buyer/seller on the other side pays the spread.... what are the potential dangers of these orders and why doesn't everyone use them if they are "spread free" orders? I'll be honest I've stayed away until now through ignorance.
With my broker, I can place bid & offer orders into the marketplace which allow me to act as a market maker. I've never really used these orders except when trailing on demo. the main feature of these orders from what I can see is there is no spread to pay, essentially the buyer/seller on the other side pays the spread.... what are the potential dangers of these orders and why doesn't everyone use them if they are "spread free" orders? I'll be honest I've stayed away until now through ignorance.