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What is the ‘Bid’ and ‘Ask’?

Posted By Robert On Friday, February 6th, 2015 With 0 Comments

The Bid price, is the price at which is you are able to sell. The Ask price, is the price at which you are able to buy. For example: EUR/USD is traded with a price of “1.3644/47”. The bid is the first of the two prices (“1.3644”); USD can be bought and EUR sold at this exchange rate. The ask (buy) is the second price (“1.3647”); EUR can be bought and USD sold at this exchange rate.

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