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FX Trading

Bid Price

The price at which a currency can be sold.

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  • Simple Example: TechCorp has €100,000 and wants to sell them. The bid price for EUR/USD is 1.0900, meaning TechCorp can sell euros at a rate of 1.0900 USD per euro.
  • Numerical Breakdown:some text
    • To sell €100,000 at the bid price of 1.0900, the amount received in USD would be:
    • 100,000×1.0900=109,000100,000 \times 1.0900 = 109,000100,000×1.0900=109,000 USD.

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