QUOTE(Proprop88 @ May 18 2017, 12:03 AM)
Newbie here. Any taiko can clarify :
1. The Best Buy queue means ppl queue to buy at that price or, it's the recommendation of Maybank its Best Buy at xxx?
Vice versa to best sell queue...
2. Off track a bit if anyone of you using klse screener, I also confuse with ask and bid , which one is sell and which one is buy?
3. What's are the order status means ? Confirmed, queue, pending? I send buy order today say same stock, buy at 1.0, and 1.2. BUT only 1.0 is confirmed, 1.2 is pending. Shares goes by the day, the price now is at 1.2 it doesn't match. Until I remove the order and resend again, it matched ... may I know why is that? Rugi oh.....
1) Its not Maybank's recommendated price, but rather it is the current market's offering and selling prices. On the best buy, as you mentioned, people key in the order and waits till it gets matches.
2) In simple analogy,
If you key in at best buy to sell - Immediately will get matched to sell as it is market order.
If you key in at best sell to buy - Immediately will get matched to buy as it is market order.
If you key in at best buy to buy - You queue to get the price while waiting for your turn to buy. This can be a best limit buy order.
If you key in at best sell to sell - You queue to get the price while waiting for your turn to sell. This can be a best limit sell order.
Should you key in at any price below or above the best bid and ask respectively, you also go on a waiting list and will not get matched until the below or above levels at cleared.
Number 3 is pretty much explained above, hope it helps.