Market Makers provide liquidity to a specific asset by populating the order book with orders that are set for execution as either a bid or an ask of a given asset, coin or token. Market Makers contribute to the market and price discovery. Market Makers typically collect a nominal fee for their contribution to the order book. The trade execution and clearing are either performed on their own account or for a client.
A form of psychology that observes the overall behavior of financial market participants at a specific point in time. Sometimes investor behavior can be a black swan event that drives the direction of a market. Market psychology may also study the behavior of an individual investor to find a trend in a cohort of investors.
Market takers decrease liquidity to a specific asset by instantly resolving orders in the order book. Unlike market makers, market takers are not concerned with the best bid, instead, seek liquidity and immediacy.
The current price is also known as market value and is the real-time price an asset can be bought or sold. Current price is determined by the bid and ask on the order book at any given time.