Say I want to make a money exchange to sell a small amount of Bitcoin for USD (I've not done this before). I notice a few things that I am not sure I understand when I visited btc-e.com. There are two boxes:
Amount BTC (is initially blank)
Price per BTC (looks like it is set to the Highest Bid Price when the page first loads but doesn't get updated).
Will the 2nd box effect how / if the order gets filled?
If I want to sell as I say then shouldn't the 2nd box be set to a lower price in USD so that they sell quicker? Or say I wanted to put the 2nd box to a value in USD that is higher than the highest bid then will it take longer (or never) to be filled?
The fact that the price in the 2nd box doesn't get updated and is editable seams weird; as I thought it was the spread. What if you left the page open for ages and then hit sell? Surly there would be a totally useless order on the book!?