// TRADING TERMINOLOGY
What is Bid Price?
The price a buyer is willing to pay for a security.
In-Depth Explanation
When you are "selling" (going short), you are selling at the bid price. It is always slightly lower than the ask price.
Practical Example
"The quote for EUR/USD is 1.0800 / 1.0801. You sell at 1.0800 (the bid)."
Master the language of risk
Knowing the terms is just the start. Learning how to apply them is where the edge is found.
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