A limit order by an individual trader typically doesn't move the market. However, large limit orders from institutional traders or significant numbers of limit orders at the same price level can influence market prices, particularly if these orders are visible to other traders.Can a limit order move the Forex market? Or have a direct effect on a pair?
If so will it also be impactful before it's executed?
That's an interesting factor to have in mind.Then again that depends on other factors like opposing orders, but sure can if there is no balance in the liquidity of the market, they can significantly affect the market prices.
Visible where? Is there a source to finding out about such orders?A limit order by an individual trader typically doesn't move the market. However, large limit orders from institutional traders or significant numbers of limit orders at the same price level can influence market prices, particularly if these orders are visible to other traders.
These orders often show up in Level 2 market data. Check if your trading platform offers this feature to see these orders in action.Visible where? Is there a source to finding out about such orders?
Can a limit order move the Forex market? Or have a direct effect on a pair?
If so will it also be impactful before it's executed?
To impact the market, it needs to be very large, enough to shift the balance of supply and demand at that price.