Hidden Orders

Hidden orders, also known as iceberg orders, are large trade orders that are partially hidden from the public order book. Only a small portion of the order is visible at any given time, and as that portion is filled, the next part is automatically displayed.

This strategy is used by institutional traders to execute large positions without revealing their full intent, which could otherwise move the market against them. By masking the true size of the order, traders aim to minimize market impact and reduce slippage.

However, the presence of hidden orders can distort the perceived depth of the market, leading other traders to misjudge the actual support or resistance levels. They are a tool for strategic execution in competitive, high-stakes environments.