Specially for the newbies, if you go to the trading application you will find two options Bid Price and Ask Price, so first of all you need to understand that what is the function of these terminologies.
Bid Price - This is what the market, or a broker, will pay you for a currency pair. You can sell the base currency to the broker at the bid price.
Ask Price - This is what the market, or a broker, will sell you a pair at.
Bid Price - This is what the market, or a broker, will pay you for a currency pair. You can sell the base currency to the broker at the bid price.
Ask Price - This is what the market, or a broker, will sell you a pair at.
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