Learn Forex: Bid and Ask
If you’re familiar with stocks, Bid and Ask are simply Buy and Sell prices.
If you’re not, try to read through below example:
“The current bid/ask price for USD/MYR is 3.7762/3.7765”
-It means that you can sell 1USD for 3.7762MYR or buy 1USD with 3.7765MYR.-
Or another way to look at it is people are willing to buy 1USD at 3.7762MYR and willing to sell 1USD at 3.7765MYR. So, if you want to sell 1USD, you can sell it at 3.7762MYR and if you want to buy 1USD, you can buy it at 3.7765MYR.
Hopefully, you can get what I mean..
If you’re not, try to read through below example:
“The current bid/ask price for USD/MYR is 3.7762/3.7765”
-It means that you can sell 1USD for 3.7762MYR or buy 1USD with 3.7765MYR.-
Or another way to look at it is people are willing to buy 1USD at 3.7762MYR and willing to sell 1USD at 3.7765MYR. So, if you want to sell 1USD, you can sell it at 3.7762MYR and if you want to buy 1USD, you can buy it at 3.7765MYR.
Hopefully, you can get what I mean..
posted by wnfingers at
8:33 AM
1 Comments:
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By
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