Forex world can not be separated from the Buy and Sell. Every trader has the freedom to do one action on which he was to gain profit. Buy can also be paired with the bid or Sell Long and paired with the Offer or Short.
Forex world can not be separated from the Buy and Sell. Every trader has the freedom to do one action on which he was to gain profit. Buy can also be paired with the bid or Sell Long and paired with the Offer or Short. So if you're reading an article about forex and there is mentioned bid or Long term, do not need to be confused because the two terms are tantamount to Buy or Sell.
Reading the quotes is easy. But if we do not understand can be confusing too. Quotes on foreign exchange transactions is usually written together with his pairs and always changing with the market from time to time (running / real time).
How to read simple enough if we remember two things:
1. The first currency is the base currency mentioned
2. Base currency value is always 1.
For example: USD / CHF 1.4623 means that 1 U.S. dollar was worth 1.4623 Swiss Francs. If the dollar the next time the value of the USD / CHF 1.4630 means that the U.S. dollar gained 7 points because they can buy more Swiss Franc.
Each pairs there are two prices shown are the purchase price (bid) and selling price (offer). The difference between them is called spread. So, if we use the example above, the USD / CHF 1.4623/28 means that the selling price is 1.4623 U.S. Dollar Swiss Franc and the purchase price is 1.4628. Spread here the value 5 (.. 28 -.. 25 = 5
Forex world can not be separated from the Buy and Sell. Every trader has the freedom to do one action on which he was to gain profit. Buy can also be paired with the bid or Sell Long and paired with the Offer or Short. So if you're reading an article about forex and there is mentioned bid or Long term, do not need to be confused because the two terms are tantamount to Buy or Sell.
Reading the quotes is easy. But if we do not understand can be confusing too. Quotes on foreign exchange transactions is usually written together with his pairs and always changing with the market from time to time (running / real time).
How to read simple enough if we remember two things:
1. The first currency is the base currency mentioned
2. Base currency value is always 1.
For example: USD / CHF 1.4623 means that 1 U.S. dollar was worth 1.4623 Swiss Francs. If the dollar the next time the value of the USD / CHF 1.4630 means that the U.S. dollar gained 7 points because they can buy more Swiss Franc.
Each pairs there are two prices shown are the purchase price (bid) and selling price (offer). The difference between them is called spread. So, if we use the example above, the USD / CHF 1.4623/28 means that the selling price is 1.4623 U.S. Dollar Swiss Franc and the purchase price is 1.4628. Spread here the value 5 (.. 28 -.. 25 = 5
