⚙️ 3. Market Microstructure – The Hidden Engine of Trading
This is the science of how orders are matched, trades are settled, and prices are discovered. 📈 Every millisecond matters in this world. High-frequency traders (HFTs) use market microstructure knowledge to design systems that: Predict short-term price moves Exploit order book imbalances Reduce slippage and latency 📌 Understanding this helps you recognize manipulation patterns, spoofing, or why your limit order didn't fill.
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