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Bid Price

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Description

The price at which the market is willing to buy a specific currency or cross-currency contract in forex trading. At this price, traders can sell the base currency. It appears on the left side of the quote. For example, with USD/CHF quoted at 1.4527/32, 1.4527 is the sell price, meaning you can sell 1 unit of USD.

The bid price in forex trading represents the highest price a buyer is willing to pay for a currency pair. It’s the price at which traders can sell the base currency; for instance, in a USD/CHF quote of 1.4527/32, 1.4527 is the bid price, indicating you can sell one US Dollar for 1.4527 Swiss Francs. This price is crucial for understanding market liquidity and executing sell orders effectively.

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