The market price is made of the bid rate and the offered rate. The bid rate is the highest price of buying interest and the offered rate is the lowest price of selling interest. A player who wants to buy now have to join the bid rate or take the offered rate. He can buy at the lower price in case of joining bids but it remains unknown the possibility to buy at that stage. On the other hand, he can buy by taking the offered rate without fail at any time but it would be higher price than the bid rate. The word eTaken' means the condition in which any other player takes the offered rate. The repetition of eTaken' shows great buying interest in the present market, and it might follow the market level is going up.
Terms in Trading
Ask| Bid| Day order| Done| Either| Firm price| Given| GTC| Hit| If done| Join| Limit order| Line full| Mine| My Risk| Nothing done| OCO| OFF| Offer| Paid| Pay| Pips| Point| Single order| Stop loss orders| Take the offer| Taken| Your Risk| Yours|