Forex Basics; what are the Forex bid and ask or buy and sell prices?. At first the forex terminology is a bit confusing learn here and understand what bid and ask prices mean when trading forex currencies. Then take it to the next level and start trading on autopilot at AVA FX.

1. Forex Bid and Ask or Buy and Sell, Fx Rates

2. There are always two numbers given after the currency pair, the first has a smaller value than the second. This can once again be shown using the same example (EUR/USD 1.2660 1.2663). The first number is known as the "Bid" or "Sell" and the second number is called the "Ask", the "Offer" or "Buy“ price.

3. The Bid (Sell) number represents the price for selling the major currency and buy the secondary currency, in this case the price at which the EUR can be sold and buy the USD. The Ask (Buy) number represents the price for buying the major currency and selling the secondary , in this example the price at which one can buy the EUR and sell the USD.

4. In the dealing rates window the trader is able to buy the EUR against the USD at 1.2815 or sell the EUR and buy the USD at 1.2812. The forex trader can also buy Crude Oil at 76.27 and sell the Crude Oil at 76.23.

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