Showing posts with label Understanding of Forex prices. Show all posts
Showing posts with label Understanding of Forex prices. Show all posts

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.