Bid refers to a price that a potential buyer is willing to pay. When you want to sell an asset, you look at the Bid price because this is how much a buyer is ready to buy it for.

On a CFD-based platform, such as CEX.IO Broker, the Bid is the price at which you open your SELL (Short) position and close your BUY (Long) positions.

Since the Bid is what a buyer is willing to pay you, it is always lower than the Ask.

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