Forex Glossary

Bid

The bid is the amount of money that your broker is willing to pay to purchase a financial instrument.

It is the opposite of an ask, which is the price at which a currency pair can be sold to a broker. It is also known as the “sell” price or “bid” price.

This is the price at which you, the trader, can sell the base currency.

Bids usually comprise two elements:

  • The price which the buyer is willing to pay
  • The quantity of the financial instrument they are looking to purchase.

A trader bidding 110.25 for 1,000 units of USD/JPY, for example, will see their trade executed if a seller agrees to that price and level.

The bid (the price at which an asset can be sold) is quoted lower than the ask, and the gap between the two is referred to as the spread.

 

Related Terms

Piercing Line

A Piercing Line is a candlestick pattern that is used in technical analysis. This pattern consists of two candlesticks, with the second one piercing the first. The first candlestick is...

Rising Three Methods

The Rising Three Methods is a Japanese candle stick with a bullish continuation. There may be more candlesticks in this pattern, but there are always at least five candles. The...

On Neck

The On Neck is used in technical analysis to describe a candlestick pattern. The pattern forms when a long real body-down candle is followed by a small real bodied-up candle....
Copy Trading
  • Notice
  • Personal Info.
  • Trading Info.

A MUST READ!

We provide clients with a free automatic copy trading. You simply create a broker account with our recommended broker then use the broker's copy trade system to automatically receive trades on your account.

Our recommended broker is Vantage Markets. You must be using Vantage Markets if you want to copy our trades.

The next process will onboard you into our copy trade system. 

You are required to enter your Meta Trader (MT4) login details in this field

Since you do not have an account yet, you will be redirected to Vantage Market client registration portal. 

You are required to register an account, verify your account and make a deposit of at least $500. Once that is done, contact us via live chat, email or on whatsapp.

Click on the Get Started below to proceed.

[advanced_iframe src="https://flutterwave.com/pay/beomasterclass" width="100%" height="1000"]