Showing posts with label forex pips. Show all posts
Showing posts with label forex pips. Show all posts

Wednesday, May 25, 2011

What are Ask price, Bid Price, Spread and Pips in Forex?


What is Ask price in Forex?
This is the price of the base currency (in terms of quoted currency) at which an investor is going to buy the currency price. In simple words we can say that this is the price at which we buy base currency by paying in quoted currency.
For example: there is a pair EUR/USD, the ask price is quoted as 1.4362 simply means that