Trading-Made-Simple | Bid and Ask Prices
Welcome to our Trading-Made-Simple video series, where you can learn a little more about the trading world in less than 5 minutes.
In Forex, the “Bid Price” is what a trader is willing to sell a currency pair for, and the “Ask Price” is what a trader is willing to buy the currency pair for. The difference between the two is called the “Spread”.
In this video, we will be covering:
0:00 The Meaning of Bid and Ask Price
0:27 Analogy of Bid & Ask Price
2:08 The Difference Between the Two: Spread
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Trading involves risk. Past performance is not indicative of future results. Trade with caution.