Inside the Market Maker

What happens behind a price move when aggressive orders meet the available order book?

Inside the Market Maker gives independent traders a visual guide to the mechanics of liquidity. It explains what market makers do, why providing a bid or offer creates inventory risk, and how spreads, depth, hedging, and changing quotes affect execution.

Across 18 chapters and 36 diagrams, Dahir Noor shows how to examine:

- Resting orders, marketable orders, and the cost of immediacy
- Displayed liquidity, replenishment, and price movement
- Absorption, watched levels, stop orders, and retests
- Queues, fast markets, auctions, and adverse selection
- The differences between futures, cash markets, and broker CFDs

The book also includes a market-reading worksheet to help you record a level, the flow into it, the price response, and the evidence that would challenge your interpretation.

A chart can show where price went. It usually cannot prove who placed an order or why. This book helps you make clearer observations without turning every breakout or reversal into a story about an unseen market maker.