Just like in trading instruments
Another, in the forex transaction prices
stated in the bid price ('BID')
and demand ('ASK'). The offering price
('BID') is the price level where
a trader can sell currencies
these, in turn asking price
('ASK') is the price level where
a trader can buy the currency.
An easy way to remember:
'bid' price or 'sell' is always more
lower than the 'ask' or the prices 'buy',
in other words a forex trader
always buy at a price that is more
higher than the selling price. imagine if the
you sell the car to the dealer, your car
cheap appreciated. But if there is
Other buyers poada the same time
intend to buy your car, the dealer
will offer a higher price.
The difference between purchase price and the price
This sale is called the 'spread' the
none other than the transaction costs
be paid by a trader, or
profits made by banks in
every forex transactions.
If only one price mentioned
then the question is the price 'bid'
or selling price.
As an instrument of trade, the couple
traded currency in the form
the couple. For example EUR / USD, GBP / USD,
EUR / JPY, and so on. sequence of pairs
This has become an ISO standard, does not
can be inverted at will.
In all the currency pairs that
contain U.S. Dollar, USD is always
mounted on the front except for 4
These currency pairs: EUR / USD,
GBP / USD, AUD / USD, and NZD / USD.
Selasa, 06 Desember 2011
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