When investor wants to open a deal at Fx industry he/she should
know the currency trading couple as well as the cost of this couple. At Fx
industry the cost of the currency trading couple is denoted by two signs Ask
and Bid, which has the specific digital notes.
Ask-price is the biggest cost in the pair’s quotation; for this
cost the investor purchases the currency trading, which is the first in the
acronym of the currency trading couple. In this case, investor provides the
currency trading, which is the second in the acronym.
Bid-price is the smallest cost in the quote of the currency
trading pair; for this cost the investor provides the currency trading, which
is the first in the acronym of the currency trading couple. Respectively,
investor purchases the currency trading, which is the second in the acronym.
Let’s consider an example:
We have the currency trading couple EUR/USD with the quote
1.3652/1.3655. This means that you can buy 1 dollar for 1.3655 money or to
offer 1 dollar for 1.3652 money. The change between Bid cost and Ask cost is
known as propagate. Spread is a payment for the opportunity to business at Fx
industry, so known as commission payment of the agent. Propagates are very
small at return market; they are ten or even hundred times lesser than the
lenders propagate. For the most part of the major team, spreads amount to 3
points.
