Monday, May 06, 2013

Understanding of Forex prices


         Two different price Quoted in the Forex Market.

         1. Bid ...> Price you Sell at,
            Traders will always Sell at lower price (Bid).


         2.Ask ...> Price you Buy at,
           Traders will always Buy at higher price (Ask).


          The different between Bid and Ask Prices is called (PIP Spread) , this is your
          cost of business and broker's money become there is often no commission is FX.



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