Michael James904 Jones#69

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What is iceberg order in forex trading?

An iceberg order is a large institutional order split into smaller visible chunks to hide true size. For example, instead of placing a $500m EUR/USD buy, a fund may show multiple $5m orders. Benefits: reduced market impact, concealment of strategy. Risks: detection by savvy traders, incomplete fills. Institutions use iceberg algorithms to access liquidity discreetly. Retail traders can infer iceberg presence when price stalls despite heavy visible volume. Recognizing icebergs explains why price may hold at certain levels longer than expected—hidden forces are at work beneath the surface.