Left-Hand Side (LHS)
The bid side of a two-way price quote. Selling "on the left" means selling at the bid price.
The left-hand side (LHS) of a two-way forex quote is the bid price. Selling at the bid is called 'hitting the left'.
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
Market makers buy on the left (bid) and sell on the right (ask)
The difference between sides is the spread
Understanding this helps with order execution
Left-Hand Side (LHS) Example
Say EUR/USD quotes 1.0850 / 1.0852 and you want to sell one lot. You deal on the left-hand side at 1.0850, the bid, and the 2-pip gap to the ask leaves your fill before anything moves.
How Traders Use Left-Hand Side (LHS)
Think in sides, not prices. Sellers live on the left, buyers on the right, and every market order pays the trip across. When a scalper says the edge is thin, they mean the left-to-right round trip eats most of it.
Related Terms
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