What is an iceberg order? Imagine you are looking at an iceberg in the ocean. The part above the water is very small, but underneath the water there is a huge part that you cannot see. This is exactly how an iceberg order works in the financial market. How does it work? • When someone wants to sell or buy a large amount of something (like stocks, currencies, etc.), instead of showing it all at once in the market (which could scare or manipulate other traders), they only show a small part of the order.
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