AMAL's price movement is easy to understand, so it's easy to trade.
Because there are not many people yet.
Nobody can buy or sell large numbers
What are you talking about? It's awful to trade. The spread between bid and ask is big, and all the trades shown happen between those two numbers! That means these are FAKE TRADES, and nobody is actually trading this token!
What happens is an ask (sell order) appears briefly between the bid and ask prices, and gets completely filled within a second. The exchange is buying and selling its own token to make it appear as if it actually has trading volume. Very, very lame.
There are times when the spread between BUY and SELL is large, but there is no fake trade.
Of course, there are many people who actually buy tokens.Not all the trades are fake, but most of them are. How do I know?
1. Most buy and sell orders don't move.
2.
All new orders are placed in between the bid and ask.
2. Occasionally, a new order is placed (usually a sell order), and it is
instantly filled!
When people (or legit trading bots) are buying and selling they usually don't buy or sell the whole order, much less
exactly the whole order! They usually buy only a fraction of it, and some remains. Alternatively, someone puts a buy order at market price for a certain amount and it gets filled along with some of the next closest sell order. This never happens here!
Look at this GIF. Clearly the bid is 0.4407 and the ask is 0.4495, with the last purchase being at 0.4468.
https://i.imgur.com/T5MVS5z.gifA new sell order is put in at 0.4466 and instantly filled in its exact entirety: no more, no less.
A seconds later, another sell order is put in at 0.4457 and instantly filled in its exact entirety: no more, no less.
This is called "wash trading." Somebody is buying and selling their own tokens to give the appearance of volume, most likely the exchange themseves. These are the only types of trades being made!
I do not trust this exchange whatsoever and nobody should be sending their coins here.There are times when there are many users to trade and times when there are few.
The board order may not move during the time when there are few users.
