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Part 2: Forex Trading Terminology

• Bid and Ask price


Bid Price –
The bid is the price at which the market (or your broker) will buy a specific currency pair from you. Thus, at the bid price, a trader can sell the base currency to their broker.

Ask Price – The ask price is the price at which the market (or your broker) will sell a specific currency pair to you. Thus, at the ask price you can buy the base currency from your broker.

Bid/Ask Spread – The spread of a currency pair varies between brokers and it is the difference between the bid and ask the price.

Move On Next Chapter: Part 3: Long or Short ? Order Types And Calculating Profits & Losses

All Articles In This Category:

Part 1: What Is Forex Trading ? – A Definition & Introduction

Part 2: Forex Trading Terminology

Part 3: Long or Short ? Order Types And Calculating Profits & Losses

Part 4: What is Professional Forex Trading?

Part 5: What is Fundamental Analysis?

Part 6: What is Price Action Trading Analysis?

Part 7: Introduction to Forex Charting

Part 8: What Is A Forex Trading Strategy?

Part 9: Common Forex trading mistakes and traps

Part 10: What is Technical Analysis?

Part 11: How to Make a Forex Trading Plan

Part 12: The Psychology of Forex Trading

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