Bid, Ask, Sell, Buy
On your Forex trading station you will notice that there are two prices for each currency pair. Similar to all financial products, Forex quotes include a "bid" and "ask".
Bid is the price at which a dealer is willing to buy and clients can sell the base currency in exchange for the counter currency
Ask is the price at which a dealer is willing to sell and a client can buy.
If you meet that EUR/USD is trading at 1.2245 x 1.2248 it means BID is 1.2245 and ASK is 1.2248
Bid is the price at which a dealer is willing to buy and clients can sell the base currency in exchange for the counter currency
Ask is the price at which a dealer is willing to sell and a client can buy.
If you meet that EUR/USD is trading at 1.2245 x 1.2248 it means BID is 1.2245 and ASK is 1.2248
Forex Summary Keys:
BID
Price at which you as the trader can Sell
ASK
Price at which you as the trader can Buy
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