Community Forex Questions
What is bid and ask in forex?
The bid price is used when a currency pair is sold. One unit of the base currency can purchase a certain amount of the quoted currency.
It is the price at which buyers and sellers in the market are willing to trade that is defined as the bid and ask. Therefore, the terms "bid" and "ask" refer to the best price at which a security can now be purchased or sold.
It is the price at which buyers and sellers in the market are willing to trade that is defined as the bid and ask. Therefore, the terms "bid" and "ask" refer to the best price at which a security can now be purchased or sold.
Jun 27, 2022 02:40