In M Mode (Manual Mode),there are no programs running to set your exposure for you. The camera meter is telling you what it reads as the settings to get your image to look 18% grey. That is called the Standard Exposure. You then have to compare that reading to the elements in your scene to get the Correct Exposure. If your scene averages out to 18% Grey, the Standard and Correct Exposures are the same. If your subject is white or black, the Standard and Correct Exposures are different. In M Mode, you have to take the camera reading and translate that into camera action. You can choose to use, ignore, or modify the camera meter reading. In one of the P/Auto Modes, that is done for you.
Try this:
1.Put your camera in P Mode or Auto.
2.Take 3 pictures: a white piece of paper, a grey piece of paper or grey card, and a black piece of paper. Make sure the paper fills the viewfinder and that you have adequate lighting.
3. Look at the three pictures. Do they all look the same?
4. Then put your camera in M Mode and retake the pictures, except make the following changes:
-add 2 stops exposure to the white card (slower shutter speed or wider aperture)
-remove 2 stops exposure to the black card (faster shutter speed or smaller aperture)
5. What happened?