Left-Hand Side (LHS)
The bid side of a two-way price quote. Selling "on the left" means selling at the bid price.
Definition
Left-hand side (LHS) refers to the bid price in a two-way forex quote. In the standard quote format "bid/ask" or "bid/offer," the bid is on the left. When you sell at the bid, you're "hitting the left" or "dealing on the left-hand side."
How It Works
- Quote: 1.1000/1.1005
- 1.1000 = left-hand side (bid) = price to sell
- 1.1005 = right-hand side (ask) = price to buy
- "Mine!" in dealing = selling at bid
Trading Tips
1
Market makers buy on the left (bid) and sell on the right (ask)
2
The difference between sides is the spread
3
Understanding this helps with order execution
Related Terms
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