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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...
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
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
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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Bid And Ask Price

  • 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. 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. 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. 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