Help CenterBefore you start trading with your PROP365-funded account, it’s important to understand some key trading terms. One of the most fundamental concepts is the spread, which represents the difference between the bid price and ask price and plays a crucial role in calculating trading costs.
Bid price
The bid price is the highest price buyers are willing to pay for an asset. It’s especially relevant for traders looking to sell, as it indicates the price they can immediately sell at. Monitoring bid prices helps assess market liquidity and potential price direction.
Ask price
The ask price is the lowest price sellers are willing to accept. For traders looking to buy, this is the price at which they can immediately purchase an asset. Understanding the ask price is essential for market entry and exit, as well as for setting buy limit or stop buy orders.
Analyzing the ask price alongside the bid price provides insights into asset liquidity and can help predict short-term price movements.
You can find this information in the Instruments tab on the right-hand side of the TradeLocker platform when trading with PROP365.
Additionally, in the Instruments tab, you will see the following terms:
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Day High: The highest price reached during that specific trading day.
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Day Low: The lowest price reached during that specific trading day.
Learn more here:
The SL&TP calculator helps PROP365 traders make informed decisions in multiple ways. Whether thinking in dollars, market movement, percentage risk, or absolute price levels, this tool simplifies risk management, ensuring you stay in control of your trading journey with PROP365.