Explaining Steemit Internal Market in Detail
steemit·@aftabkhan10·
0.000 HBDExplaining Steemit Internal Market in Detail
 Okay guys today I wanted to explain some terms and features on Steemit internal market in a more clear and easy way. I hope this may be more useful for you guys while using Steemit internal market. First go to your wallet click on the carrot straight to your `Steem` or `SBD` and then click on `Market. ` <center></center> > You can also have direct accesss to your `Market`by clicking on this link below. https://steemit.com/market <b/> As you can see this screen shot and the field I have highlighted by numbering them. I am going to explain one by one according to the numbers given to each field. **So lets elaborate it**  ### 1. Last Price **Last Price** is the price of Steem in `Steem Backed Dollars (SBDs)`, it's not in `US Dollars`. You can see the last price of Steem in SBDs is `$0.283535 .` ### 2. Bid **Bid** is the term used for `Highest Buy Order`. As you can see the the Bid is ` $0.289703` right now. ### 3. Ask **Ask** also represents `Lowest Sell Order`. Right now the Ask is `$0.299727`. ### 4. Spread Spread is the gap between the `Highest Buy Order` and the `Lowest Sell Order`. It is shown in percentage and changes every time the price of Steem changes. The percentage of the spread right now is ` 1.834%`. ### 5. Buy Steem Well in Buy Steem you can actually buy some steem in return for your SBDs, depending on the price of Steem or SBDs and vice versa. ### 6. Sell Steem Again as it's name suggest, Sell Steem filed is used for selling your Steem. ### 7. Buy Orders These are the orders placed by the buyers for the sellers to meet the trade requirements and confirm their transaction. You can see different quantity of Steem with their prices. ### 8. Sell Orders Again these are the orders placed by the sellers in order to sell their Steem in different quantities. ### 9. Trade History In **Trade History** you can see the history of all those trades done on Steemit internal market. ### 10. Open Orders These are the orders requested by you, when you buy or sell Steem then you can see the status of your trade in this box of open orders. If it is empty after your trade, then it means your trade is already been done. ### <center>Here is also a tutorial video I made for you guys regarding how to use and trade on Steemit Internal market.</center> https://youtu.be/vd589qbwvws **Feel free to present your views about this post.** ***Don't forget to leave your feedback.*** Thanks <center></center>