{"id":3416,"date":"2020-05-05T20:21:28","date_gmt":"2020-05-05T14:51:28","guid":{"rendered":"https:\/\/www.trailingcrypto.com\/support\/?post_type=article&#038;p=3416"},"modified":"2020-05-05T20:22:36","modified_gmt":"2020-05-05T14:52:36","slug":"bid-ask-last-price-whats-the-best-price-to-follow","status":"publish","type":"article","link":"https:\/\/www.growlonix.com\/support\/article\/bid-ask-last-price-whats-the-best-price-to-follow","title":{"rendered":"Bid, Ask, Last Price &#8211; What\u2019s the best price to follow?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dfc4265f3ce\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dfc4265f3ce\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.growlonix.com\/support\/article\/bid-ask-last-price-whats-the-best-price-to-follow\/#Definition\" >Definition:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.growlonix.com\/support\/article\/bid-ask-last-price-whats-the-best-price-to-follow\/#BID_price_follow\" >BID price follow<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.growlonix.com\/support\/article\/bid-ask-last-price-whats-the-best-price-to-follow\/#Example_using_Take_Profit\" >Example using Take Profit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.growlonix.com\/support\/article\/bid-ask-last-price-whats-the-best-price-to-follow\/#Example_using_Stop_Loss\" >Example using Stop Loss<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.growlonix.com\/support\/article\/bid-ask-last-price-whats-the-best-price-to-follow\/#ASK_price_follow\" >ASK price follow<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.growlonix.com\/support\/article\/bid-ask-last-price-whats-the-best-price-to-follow\/#Example_using_Take_Profit-2\" >Example using Take Profit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.growlonix.com\/support\/article\/bid-ask-last-price-whats-the-best-price-to-follow\/#Example_using_Stop_Loss-2\" >Example using Stop Loss<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.growlonix.com\/support\/article\/bid-ask-last-price-whats-the-best-price-to-follow\/#Last_Price_Follow\" >Last Price Follow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.growlonix.com\/support\/article\/bid-ask-last-price-whats-the-best-price-to-follow\/#Why_Stops_doesnt_Trigger_sometimes\" >Why Stops doesn&#8217;t Trigger sometimes?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Definition\"><\/span>Definition:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bid price represents the highest priced buy order that&#8217;s currently available in the market. The ask price is the lowest priced sell order that&#8217;s currently available or the lowest price that someone is willing to sell at. The last price represents the price at which the last trade occurred. The spread is the difference in price between the bid and ask prices.<\/p>\n<p><img class=\"aligncenter wp-image-3417 \" data-original=\"https:\/\/www.Growlonix.com\/support\/wp-content\/uploads\/2020\/05\/bid-ask-follow.png\" alt=\"Bid Ask last price follow\" width=\"345\" height=\"441\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2 class=\"t__h1\"><span class=\"ez-toc-section\" id=\"BID_price_follow\"><\/span>BID price follow<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"intercom-align-left\">The price will be determined by the first order in the BIDs order book.<\/p>\n<h3 id=\"example-using-take-profit\" class=\"intercom-align-left\" data-post-processed=\"true\"><span class=\"ez-toc-section\" id=\"Example_using_Take_Profit\"><\/span>Example using Take Profit<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>You buy 1 ETH at $100 and set Take Profit of +5%, at $105.<\/li>\n<li>After a while, ETH begins to rise and the following occurs in the trades:<\/li>\n<\/ol>\n<div class=\"intercom-container intercom-align-left\"><img decoding=\"async\" src=\"https:\/\/downloads.intercomcdn.com\/i\/o\/141582118\/66c5c9309f5870b13bbf5851\/image.png\" \/><\/div>\n<h3 id=\"example-using-stop-loss\" class=\"intercom-align-left\" data-post-processed=\"true\"><span class=\"ez-toc-section\" id=\"Example_using_Stop_Loss\"><\/span>Example using Stop Loss<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>You buy 1 ETH at $100 and set Stop Loss of -5%, at $95.<\/li>\n<li>After a while, the ETH begins to fall and the following occurs in the trades:<\/li>\n<\/ol>\n<div class=\"intercom-container intercom-align-left\"><img decoding=\"async\" src=\"https:\/\/downloads.intercomcdn.com\/i\/o\/141582178\/74dbf1a8f478423c90f21cce\/image.png\" \/><\/div>\n<div><\/div>\n<div>\n<h2 class=\"t__h1\"><span class=\"ez-toc-section\" id=\"ASK_price_follow\"><\/span>ASK price follow<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"intercom-align-left\">The price will be determined by the first order in the ASKs order book.<\/p>\n<h3 id=\"example-using-take-profit\" class=\"intercom-align-left\" data-post-processed=\"true\"><span class=\"ez-toc-section\" id=\"Example_using_Take_Profit-2\"><\/span>Example using Take Profit<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>You buy 1 ETH at $100 and set Take Profit of +5%, at $105.<\/li>\n<li>After a while, ETH begins to increase, and the following occurs in the trades:<\/li>\n<\/ol>\n<div class=\"intercom-container intercom-align-left\"><img decoding=\"async\" src=\"https:\/\/downloads.intercomcdn.com\/i\/o\/141582247\/034d1b81f2645a1bfe6847ee\/image.png\" \/><\/div>\n<h3 id=\"example-using-stop-loss\" class=\"intercom-align-left\" data-post-processed=\"true\"><span class=\"ez-toc-section\" id=\"Example_using_Stop_Loss-2\"><\/span>Example using Stop Loss<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>You buy 1 ETH at $100 and set Stop Loss of -5%, at $95.<\/li>\n<li>After a while, ETH begins to drop, and the following occurs in the trades:<\/li>\n<\/ol>\n<div class=\"intercom-container intercom-align-left\"><img decoding=\"async\" src=\"https:\/\/downloads.intercomcdn.com\/i\/o\/141582265\/787adadcaf2a1c09111ed21b\/image.png\" \/><\/div>\n<\/div>\n<div>\n<h2 id=\"mntl-sc-block_1-0-46\" class=\"comp mntl-sc-block mntl-sc-block-heading\"><span class=\"ez-toc-section\" id=\"Last_Price_Follow\"><\/span><span class=\"mntl-sc-block-heading__text\">Last Price Follow<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div id=\"mntl-sc-block_1-0-47\" class=\"comp mntl-sc-block mntl-sc-block-html\">\n<p>The last price is the price on which\u00a0most charts are based. The chart updates with each change of the last price. It&#8217;s possible to base a chart on the bid or ask price as well, however. You can change your chart settings accordingly.<\/p>\n<\/div>\n<div id=\"mntl-sc-block_1-0-49\" class=\"comp mntl-sc-block mntl-sc-block-html\">\n<p>Think in terms of the sale of any other asset. You&#8217;ve decided to sell your home and you list it at $350,000. You receive an offer of $325,000. After much negotiation, the sale finally goes through at $335,000. The last price is the result of the transaction\u2014 not necessarily what you hoped to get, nor what the buyer hoped to pay.<\/p>\n<\/div>\n<div id=\"mntl-sc-block_1-0-51\" class=\"comp mntl-sc-block mntl-sc-block-html\">\n<p>The last price is the most recent transaction, but it doesn&#8217;t always accurately represent the price you would get if you were to buy or sell right now. The last price might have taken place at the bid or ask, or the bid or ask price might have changed as a result of or since the last price.<\/p>\n<\/div>\n<div id=\"mntl-sc-block_1-0-53\" class=\"comp mntl-sc-block mntl-sc-block-html\">\n<p>The current bid and ask prices more accurately reflect what price you can get in the marketplace at that moment,\u00a0while the last price shows at what price orders have filled in the past.<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_Stops_doesnt_Trigger_sometimes\"><\/span>Why Stops doesn&#8217;t Trigger sometimes?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If the order didn&#8217;t trigger at all, it happens when the price doesn&#8217;t reach the trigger level. When you use a conditional order, it doesn&#8217;t go to the exchange order book beforehand. We follow the price and places the order when the price reaches the trigger level. We use BID, ASK and Last prices. Above you can find an example of how the BID price is different from the LAST price on the rise.<br \/>\nFor conditional orders placed above the actual price, Lets assume user selects Bid price. It&#8217;s the price of the first order on the buy order book. When the price reaches $50 on a spike, the first BID order might still be at $47. The price might go up even to $50, and there&#8217;s still no buy orders at $50.<br \/>\nFor example, let&#8217;s say there is a BID order at $40. Someone buys everything up to $50 with a market order, but no one places a buy limit order higher than $40. In this case, even the price on the chart is $50, and the BID price is still at $40.<br \/>\nSimilar happens on the price drops.<\/p>\n<p><span style=\"color: #ff6600;\">Note: Apart from Bid\/Ask spread there are other reasons for stops not getting triggered. Server Latency (0 to 4 Secs) for most exchanges and up to 10Secs for some exchanges.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Definition: The bid price represents the highest priced buy order that&#8217;s currently available in the market. The ask price is the lowest priced sell order that&#8217;s currently available or the lowest price that someone is willing to sell at. The last price represents the price at which the last trade occurred. The spread is the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","article-category":[69],"article-tag":[],"class_list":["post-3416","article","type-article","status-publish","format-standard","hentry","article-category-trading-configuration"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bid, Ask, Last Price - What\u2019s the best price to follow? - Growlonix<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.growlonix.com\/support\/article\/bid-ask-last-price-whats-the-best-price-to-follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bid, Ask, Last Price - What\u2019s the best price to follow? - Growlonix\" \/>\n<meta property=\"og:description\" content=\"Definition: The bid price represents the highest priced buy order that&#8217;s currently available in the market. The ask price is the lowest priced sell order that&#8217;s currently available or the lowest price that someone is willing to sell at. The last price represents the price at which the last trade occurred. 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The ask price is the lowest priced sell order that&#8217;s currently available or the lowest price that someone is willing to sell at. The last price represents the price at which the last trade occurred. 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