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Bid And Ask Price

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Bid And Ask Price

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Find out how to interpret the Bid and Ask price on the Forex quote screen, what Spread is and why the price you can Buy and Sell at is so important...

This subject and many others are covered in more detail in the FREE Forex Guide available at Forex Useful - http://forexuseful.com/new/members/21812-forex-guide/

Find out how to interpret the Bid and Ask price on the Forex quote screen, what Spread is and why the price you can Buy and Sell at is so important...

This subject and many others are covered in more detail in the FREE Forex Guide available at Forex Useful - http://forexuseful.com/new/members/21812-forex-guide/

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Bid And Ask Price

  1. 1. Bid And Ask Price Find out how to interpret the Bid and Ask price on the Forex quote screen What Spread is and why the price you can Buy and Sell at is so important...
  2. 2. Base Currency The Base Currency is the 1st currency – It has an assigned value of 1 For every 1 of these you can BUY X of the Quote currency Currency Pair All Forex trades are conducted in a Currency pair which consists of a Base currency and a Quote currency Quote Currency The Quote currency is the 2nd currency It will cost you X of these to BUY 1 of the Base currency Quote / Rate Two prices are quoted The Bid price and the Ask price
  3. 3. Bid (SELL) Price The Bid price is the best price at which you can SELL this Currency pair It is, obviously, always lower than the best price at which you can Buy it (the Ask price) Ask (BUY) Price The Ask price is the best price at which you can BUY this Currency pair It is, obviously, always higher than the best price at which you can sell it (the Bid price) Spread The difference between the Bid (SELL) Price and the Ask (BUY) Price
  4. 4. Bid And Ask Price Produced by The Spread is the reason that, as you soon as you place a trade, your Profit & Loss is immediately negative This is obvious really as the price at which you can BUY (the Ask price) is always higher than the price at which you can SELL (the Bid price) and vice versa

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