Tag: Currency pair
What is Spreads
Understanding spreads is essential for traders as it directly impacts their profitability. Lower spreads can enhance trading performance. Spreads in currency pairs refer to the difference between the bid price and the ask price of a currency pair in the Forex market. The spread is typically quoted in pips (You will learn about pips right…
Read MoreBid and Ask price
When you trade in Forex, there are two prices are seen against the single pair. One is the bid price and another is the asking price. Don’t be confused, let me elaborate on the easy way. The bid price in a currency pair represents the highest price that a buyer is willing to pay for…
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