Monday, 13 February 2012

Buy and Sell - Bid and Ask in Forex

Buy and Sell - Bid and Ask in Forex
Buy and Sell - Bid and Ask in Forex




the main activity in the forex is buy and sell

trading is about difference in pip between 2 currencies

pip :  is like .00001
difference between 2 currencies may be 10 pip or 20 pip what ever
now we have to know bid and ask





Bid :
is that the price of sell

Ask :
i the price of buy

Buy :
now if you feel that's Ask price will rise you will order buy , until you opened order to buy , every pip rise in ask you gain and every pip down you  lose

Sell :
if you feel that's bid price of such 2 currencies will down you will open sell order , until you opened this order you will gain fore every pip down and lose for every pip up
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