Today, i will be touching some of the important terms use in forex trading..
SPREAD;Spread is the difference between bid and ask price.brokers often gets their commission in form of a sread.
BID;Bid is the price the broker is willing to buy a currency pair from a trader or an investor.bid price often varies in relation to a currency pair and different brokers have different bid prices base on their commission ratio.
OFFER or ASK; This is the price the broker is willing to sell a currency pair to an investor or trader...like bid, offer also varies in relation to a currency pair.
pls i will continue from here on my next post..and feel free to contact me for enquiry and help