Hi all I am newbie to trading and I have a doubt. If I have an order book like this ( fake values just for the example ) <pre>================== BID ASK ================== 10 10.32 10.46 5 100 10.30 10.47 7 100 10.28 10.49 12</pre> If I send 3 orders SELL 5@10.30 SELL 7@10.45 SELL 5@10.48 It is a basic doubt but each time I get lost what would be the result? The one below?<pre>================== BID ASK ================== 10.45 7 5 10.32 10.46 5 100 10.30 10.47 7 100 10.28 10.48 5 10.49 12</pre>
Yes, your sell 5@10.30 would fill at 10.32, and your last two orders would post leaving the book as you drew it (assuming nobody else cancels or adds new orders)