Apr
10/09
10/09
Trading Spread
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Bid/Ask Trading Spread
We can't discuss buying and selling without going into details of the trading spread. The trading spread, better known as the bid/ask spread is the difference between what you pay for a forex currency and what you can get for it. You buy for the "ask" price, and you sell for the "bid" price.
It sounds simple enough, but it hides a very important fact. Every time you make a trade you start at a loss. It works like this.
THE BID IS ALWAYS LOWER THAN THE ASK
That means everyone you deal with is always going to sell a currency for more than they would pay for it. That difference is....(login to view article)
