?What is the Bid price
A Forex Online Trading Bid price is the price in the market to buy a specific currency pair in the Forex online market.This is the price that the trader buys his base currency in. the Forex bid price appears to the left of the currency quote. For example, If the GBP / USD pair is 1.2544/49, then the bid price is 1.23454. Meaning you can sell the GBP for 1.2544 USD
? What is the Ask price
A Forex asking price is the price in the market is ready to make the trader sell a specific Forex Trading currency pair in the Forex market.It appears to the right of the Forex quote. For example:in the same GBP / USD pair of 1.2544/49, the ask price us 1.2549. This means you can buy one GBP for 1.2549 USD
The Forex bid and ask spread represents the difference between the purchase and the sale prices, you can know what is Spread ? Click Here
If you think about it, these terms are pretty simple to figure out if you just think about their names. What price are people bidding, eg. how much are people offering to buy for? How much are people asking, eg. how much are people asking people to buy for?
ReplyDeleteFred @ http://www.mexforex.sg/