Welcome!

This community is for professionals and enthusiasts of our products and services.
Share and discuss the best content and new marketing ideas, build your professional profile and become a better marketer together.

This question has been flagged
1 Reply
37 Views

What is the difference between bid and ask price?

Avatar
Discard
Best Answer

The bid price is the highest price a buyer is willing to pay for a currency, while the ask price is the lowest price a seller is willing to accept. In Forex trading:

Bid price: What you sell at.

Ask price: What you buy at.

The difference between the two is called the spread, which is a key part of how brokers make money.


Avatar
Discard