Learn basic online forex trading foreign exchange for beginner

Wednesday, August 22, 2007

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

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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