Bid and Ask Prices , for beginners

[sahara]

In forex trading, you will encounter bid and ask prices. The bid price is the price at which buyers are willing to purchase the base currency, while the ask price is the price at which sellers are willing to sell the base currency. The difference between the bid and ask price is known as the spread.

 

[Fin_Trader]

To earn on Forex, it is important that the broker's spreads are minimal. This makes it possible to earn even on small price movements when scalping or during intraday trading.