Do I sell at the bid price?

Yes, when you sell a currency pair in the forex market, you typically do so at the bid price. The bid price represents the highest price that buyers are willing to pay for the currency pair, and it's the price at which you can sell the base currency in the pair in exchange for the quote currency.

Here's how it works:

1. Bid Price: The bid price is the price at which you can enter a short (sell) position. It represents the exchange rate at which you can sell the base currency.

2. Ask Price: On the other side, the ask price is the price at which you can enter a long (buy) position. It represents the exchange rate at which you can buy the base currency.

When you decide to sell a currency pair, you execute a market order to sell at the prevailing bid price. This means you're willing to sell the base currency at the price buyers are currently willing to pay. Your broker or trading platform will execute the order at the bid price.

For example, if you want to sell the EUR/USD currency pair and the bid price is 1.1500, your market order to sell will be executed at that rate. You will receive US dollars (the quote currency) in exchange for euros (the base currency) at the bid price.

It's important to note that there is always a spread, which is the difference between the bid and ask prices. This spread represents the transaction cost in the forex market and is how brokers and market makers make a profit. Therefore, when you sell at the bid price, you are selling at a price slightly lower than the ask price, and the difference between the two is the spread.