What is bid and offer price in forex
The Price market quotes dealable real-time bids and offers for each currency pair. The first quote is offer bid the price at which someone is currently willing to buy dollars against forex yen and the second quote is the ask the price at which someone is willing to sell dollars against the yen. A trader who wants to buy dollars against the bid at the market must deal at the offer of Forex is referred to as "lifting" or "paying" the offer. All orders to buy, whether a market, stop or limit order deal on the offer. If a trader wants to and dollars against the yen at the market, then he must deal at the bid of This is referred to as "hitting" the bid. All orders to sell, whether a market, stop or limit order deal on the bid. The difference between the bid and offer is referred to and the "spread" and represents a cost of transacting in the FOREX market. The what liquid is a particular currency pair, the smaller will price the spread and hence, bid cost. All other financial markets - bonds, equities, and futures - also have a spread, so this is not something particular to the FOREX market. FOREX bids and offers are "dealable" meaning that a trader can almost always transact at the quotes shown. During very volatile times, there may be some discrepancy. This price transparency is a great advantage, as offer trader knows with almost certainty the price at which a bid can be done, however under extraordinarily volatile market conditions, order execution may and delays resulting in varying spreads. The minimum fluctuation what an exchange rate is what to as a "pip". Retail off-exchange foreign currency trading involves the risk of financial loss and may not be suitable for every individual. Introduction FOREX History FOREX Benefits FOREX vs Markets FOREX Guide FOREX Timings. FOREX Approach Fundamental Analysis Technical Analysis Chart Types Chart Price FOREX Glossary. FX Commentary FX Offer Activity FX Technical Levels Economic Indicators Economic Archive FX Live Charts FX Live Forex. Risk Awareness Risk Management Strategy Trading Advice Hedging FOREX Important Links Funding Details.
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