Bid Ask Quotes – Free Forex trading course for beginners – Part 10
Currently you should fully understand what are forex pips and what is forex price quotes, but you should know that there are always two prices for the same forex currency pairs. The first price is called “Bid Price” which means how much the market will pay any seller for a specific currency pair at a specific moment. The next price is called “Ask Price” which means how much the buyer should pay to get a specific currency pair at a specific moment. You should know that both prices are changing in every nanosecond and for that the automated forex robots can help the users to trade even if they are sleep or away, but you should be a professional forex player before you start to play with these kind of software.
In the next post you will understand a new keyword in the forex world which is “spread” which equals “Bid/Ask”. Make sure you read it before you trade in the forex because you can lose a lot of money if you did not know it.
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