What is Bid price and Ask price?

The bid price is the price offered by the broker for opening a sell position. In other words, if you open a sell position, the broker will sell you the bid price. However, if you close your sell position, the broker will buy it back at the ask price.

Ask Price is the price offered by the broker for opening a buy position. In other words, if a buy position is opened, the broker will sell you an ask price. However, if you close a buy position, the broker will buy it back at the bid price. 

Buy position

- Open: In case you trade on a Buy position, you will get an ask price.

- Close: In case you close the Buy position, you will get a bid price.

Ask price is Red line / Bid price is Blue line

Sell position

- Open: In case you trade on a Sell position, you will get a bid price.

- Close: In case you close the Sell position, you will get an ask price.  

Ask price is Red line / Bid price is Blue line 

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