What are the bid and ask prices?

Bid Price

The bid price or line is always the lower than the ask price. It is the price at which a sell order enters. Whatever price the bid line is at is where that trade will enter when you are doing a sell market, sell limit, or sell stop trade. The bid line is also the price at which a buy order closes. Whatever the price the bid line is at is where the trade will close out for a buy market, buy limit, or buy stop trade. 

Ask Price

The ask price or line is always higher than the bid price. It is the price at which a buy order enters. Whatever price the ask line is at is where that trade will enter when you are making a buy market, buy limit, or buy stop trade. The ask line is also the price at which a sell order closes. Whatever the price the ask line is at is where the trade will close out for a sell market, sell limit, or sell stop trade. 

The general rule to remember here is that the price at which you will enter a trade will always be the price you want the least because it will make it harder for you to gain a profit on your trade.

The two different prices exist because of the spread.

You can add or remove the bid or ask lines on a chart by doing the following:

1.  Right click on chart you would like to modify.

2.  Select "Template Settings" from the dropdown box.

3.  Click the slider switches next to "Show Bid Line" and/or "Show Ask Line" to turn the lines on or off.

4.  Click "Ok" if you would like the lines on the chart until you close Alveo,

or

     Click "Save" to save this setting on a template so that it appears each time you open Alveo then click "Ok".

To watch a video about bid and ask prices click here: Activating Bid and Ask Lines - Alveo Tip