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Tuesday, July 30, 2013

Bid and Ask Price: Determine which is the BUY and SELL price

Bid (Sell) Ask (Buy)


When you’re in front of your screen and looking at an online forex broker’s trading platform, you’ll see two prices for each currency pair. The price on the left-hand side is called the bid and the price on the right-hand side is called the ask.


The “bid” is the price at which you can sell the base currency. The “ask” is the price at which you can buy the base currency.


Some brokers display the prices above and below each other, with the bid on the bottom and the ask on top. The easy way to tell the difference is that the bid price is always lower than the ask price.









via Bid and Ask Price: Determine which is the BUY and SELL price

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