Hi all, I am trying to understand how the markets really change prices. I understand that more buyers then sellers at the current price will make the market tick up and visa versa. Just need a little more of an explanation about it. Right now I am looking at my trading dom on the EPH6 at 10:20 pm pacific time. Price is 1279.00x1278.75 with 141 on the ask and 10 on the bid. So the only way that either one will start getting filled is if someone wants to buy at the ASK at 1279 100 contracts that 141 will become 41? Also if someone wanted to sell 50 contracts at 1278.75 we would get a new ASK at 1278.75 and BID of 1278.50 since there was only 10 contracts sitting there? Do I have it right or is there something else I am missing
http://www.trade2win.com/knowledge/articles/general_articles/introduction-to-level-2/?r This is stocks, but should apply to all markets.