Bid/Ask Price

The bid price is what buyers are willing to pay for a currency, meaning the price at which you can sell. The ask price is what sellers are asking for, meaning the price at which you can buy. The ask is always slightly higher than the bid, and the difference between them is the spread, which is the primary cost of entering a trade.

The asymmetry between bid and ask means every trade starts slightly in the red. When you enter a buy position, you enter at the ask price, but the platform shows your floating P&L based on the bid (where you would sell to exit). Until the bid moves up to your entry ask, your position shows as losing even if the market has not really moved. This is why patience with spreads matters, especially on short-term trades where a few pips of spread can be the difference between a winning and losing setup.

For example, if EUR/USD shows bid 1.08490 and ask 1.08498, the spread is 0.8 pips. A buy of 1 standard lot enters at 1.08498. To break even, the bid must rise from 1.08490 to 1.08498, which is a 0.8 pip move. Once the bid is above your entry, you are in profit. At that pip value of roughly $10, each pip after break-even adds $10 to your trade P&L.

In copy trading, bid/ask mechanics apply to every copied trade just like manual trades. SteadyFlowFX's 9 algorithms enter at the ask for buys and at the bid for sells, the same as any other trader. The verified Myfxbook 71.3 percent win rate reflects outcomes after all spreads on real entries and exits. Understanding bid/ask helps subscribers verify their fill prices in trade history and confirm that the mechanics match what the master account experienced, which is how the 34.2 percent max drawdown cap stays consistent across subscribers.