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Xendar
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Sell higher than Buy - 2007/10/18 20:32 Every time I try buy something the sell price is higher than the buy price. What am I doing wrong?
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Helpdesk_02
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Re:Sell higher than Buy - 2007/10/18 23:10 Individual markets are composed of various financial instruments, examples of which include bonds, stocks, currencies and commodities. Prices move up and down according to supply and demand. Generally, if more people want to buy a particular instrument, its price will go up. When more people want to sell it, the price will go down. Each instrument usually has two different prices: The ‘offer’ or ‘buy’ price, is what you look at if you want to buy it. The ‘bid’ or ‘sell’ price is what you use if you want to sell it.

Some people use middlemen called brokers, who carry out the orders to trade, usually for a fee, or commission. But these days, many people use the internet to trade directly themselves, using prices that are displayed online. When you begin a trade, you are said to ‘open’ a position and when you end a trade you ‘close’ the position and accept your actual profit or loss on the trade.

http://www.gnutrade.com/financial_training/trading_basics_2.html
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