Let's break down the concept of liquidity in trading.

Liquidity refers to the ability to buy or sell an asset quickly and at a fair price. High liquidity means there are many buyers and sellers, resulting in tighter bid-ask spreads and less price volatility. Low liquidity, on the other hand, can lead to larger price movements and higher trading costs.

What are your experiences with liquidity in trading? How do you navigate markets with varying levels of liquidity?