Bid has a particular significance in relation to IG's platform. Here, we define bid in general investing and explain what it means to you when trading with IG.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
In trading, an order is a request sent to a broker or trading platform to make a trade on a financial instrument.
The company who receives the order will then attempt to ‘fill’ it before it expires. Orders that have not been closed are referred to as open orders. Usually, orders will be given over the phone or online.
Orders vary in the length of time they can remain open for, and stipulations for how they can be filled. Market orders, for instance, request your broker to trade an asset at the best available price before the end of the day. Stop and limit orders stipulate the price at which the asset should be bought or sold.