What is the bid direction in an auction and how do I set this up?

What is the bid direction in an auction and how do I set this up?

What is the issue you're facing?

I need to set the bid direction of my auction. Which setting should I use?

Solution

When setting the bid direction of your auction you can use the following settings:

Forward: A Forward Event is one where the bidding goes UP in value.
Reverse: A Reverse Event is one where bidding goes DOWN in value.

The suitability of a Forward Event is when you wish to sell a service, item or goods to a market of buyers, e.g. a house or scrap metal.
The suitability of a Reverse Event is when you are looking to purchase a service, item or goods from a market of suppliers, e.g. a year's worth of corporate stationery.

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