Tag: Exchange Rates

Tag: Exchange Rates

Ask Price in Forex Trading

What is a Ask Price in Forex Trading

Did you know the ask price can differ a lot among forex dealers? This variance is not small. It can impact how much you make in trades. For both new and experienced traders, understanding the ask price is key. The ask price is a big part of forex quotes. It makes up half of the […]

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Bid Price in Forex Trading

What is a Bid Price in Forex Trading

Ever wondered how the bid-ask spread in the forex market can earn dealers a $500 profit per trade? Let’s say you purchase EUR 5,000 at USD 1.40 each euro. It will cost you USD 7,000. But, if you sell EUR 5,000 at USD 1.30 per euro, you get USD 6,500. This scenario shows why knowing […]

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