Detailed Explanation
Why It Matters:
When selling market, you get the bid price. Indicates demand/buying interest.
How It Works:
Top bid in order book; market sell fills starting from highest bid downward.
Common Mistakes:
Selling into thin bids (worse fills); not checking before large orders.
FAQs
Bid vs. Ask? Bid = what buyers offer; Ask = what sellers demand.
Spread = Ask minus Bid; tighter = better liquidity.
