learning market and order book

Discussion in 'Order Execution' started by manustone, Jun 15, 2010.

  1. manustone


    Hi All

    I am newbie to trading. I am facing a big difficulty in learning to follow the order book and trying to figuring out what would be my next quote and what could be the effect and what other participants might do in looking at the book.

    Basically I need help in looking at the order book, how does it evolves and what does it mean what I am looking at.

    I also heard about MARKET IMPACT and the effects on the order book.

    Is there any book or paper or suggestion for totally newbie like me?
    I see that the best approach is to ask yourself a lot of questions but I do see a big limit doing this on your own.