When I look at the bStock price before buying, I no longer focus on just one number on the screen. Because the last price doesn’t necessarily mean that my trade will be executed at exactly that level.

Especially when it comes to a less liquid instrument.

It’s important to understand the difference between three things:

1. Last price — the price of the most recent trade.
2. Best ask price — the minimum price at which the asset is willing to be sold right now.
3. Best bid price — the maximum price at which the asset is willing to be bought right now.

Sometimes people look only at the last price and then wonder why the actual purchase ends up slightly higher.

Before pressing the button, I would check three things:

1. What is the current spread between the bid price and the ask price?
The wider it is, the bigger the gap between what I see and what I actually get.

2. What is the order book depth?
If there aren’t many orders, even a relatively small market buy can move through multiple price levels.

3. What type of order am I using?
A market order gives speed, while a limit order provides better price control.

So for me, the last price is only a starting point, not a final answer.

In bStocks, I now look not only at the chart, but also at the bid price, the ask price, and the order book.

@BinanceCIS #bStocksCIS