I have read that market depth is important but it is not the be all and end all insofar as decision making.
I am trying to work out how to read market depth for my own learning. Obviously if there are say 100,000 buyers there must be 100,000 sellers.
Many times i have seen that some say the buyers are greater than the sellers or vice versa. There were 129 trades on this stock etc and there were more buyers than sellers. How can this be if you must have a equal amount for the transaction to occur.
I have tried to make some judgement by observing but haven't been able to get quite right.
Could someone with the knowledge explain the best way to interpret the market depth of say 10 deep as they are on some sites.