Are you looking for the best forex brokers to trade forex. We have written informative reviews on the most recommended forex brokers and their platforms. A lot of new forex traders always ask the questions what is the best forex broker? Which forex brokers can I trust? Where can I trade forex? Our aim is to provide new forex traders with answers and information through our informative and accurate reviews on what we find to be the best Forex trading platforms. The Forex Reviewer has a team of three professional Forex traders who have made money and lost money through using over 100 different forex brokers. We have compiled reviews on what we believe to be the best forex brokers and their trading platforms. We have written our reviews so that you dont make the same mistakes as thousands of people who get taken in by scam forex sites.

Forex Trading Spreads

What is forex pips and spreads?


The bid price is the price at which a trader can sell a unit of the base currency  and the ASK / OFFER price is the price at which a client can buy a unit of the base currency. For example, if the quote for the exchange rate of the Euro/U.S. Dollar in the market is 1.2573 / 1.2576, this means that the client can pay $1.2576 in order to buy one Euro of the base currency and will receive $1.2573 if one Euro is sold. The BID price is lower than the ASK price and the difference or 'spread' between the two numbers is measured in pips. In this example the spread is 3 pips.

0 comments:

Post a Comment

Twitter Delicious Facebook Digg Stumbleupon Favorites More