Saturday, February 21, 2009
What does "bid/ask" mean?
All Forex quotes include a two-way price, the bid and ask. The bid is always lower than the ask price.
The price at which the market is willing to buy a currency. This is the price at which the trader may sell the base currency.
The price at which the market sells a currency. This means the trader can buy the base currency at this price.
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