Bid Price

Bid-price represents the price at which a buyer is willing to enter a trade and purchase the asset from a seller. It is one half of the bid-ask spread, which is the difference between the highest bid price and the lowest ask price.

For example, let's say a stock has a bid price of $50 and an ask price of $51. The bid price is the highest price a buyer is willing to pay for the stock, while the ask price is the lowest price a seller is willing to accept for the stock. In this case, if a buyer were to enter a trade and purchase the stock, they would pay $51 (the ask price) for it.

It's important to note that the bid price is just one part of the overall price of an asset or security. Traders also need to consider other factors, such as market trends, supply and demand, and the overall economic and political climate, when making trading decisions.