What is Forex and how does it work?
27 November 2015
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Learn everything about Orderflow trading?
- theforexscalper
theforexscalper
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info@theforexscalpers.com
Learn everything about Orderflow trading?
theforexscalper
Email us now :
info@theforexscalpers.com
Firstly if a Forex trader executes a forex deal that a broker or market maker has quoted on.
It usually means that a few pips will be paid away by the trader.
So to be able to take on or close the forex position they want is called the spread.
In short In quotations made by forex market makers the trading spread observed is simply defined as the difference between the bid and ask price of a currency pair.
So the bid price is the exchange rate at which the currency pair will be purchased by the market maker.
While the ask price is the exchange rate at which the currency pair will be selling.
So let suppose the EUR / USD currency pair as an example.
Can you remember that the bid exchange rate that the trader will sell is 1.05716?
While the exchange rate of the purchase is 1.05733 for the offer or order.
The trade spread is the difference between the bid or asking price.
So that would be either 0.00017 or 1.7 pips in this case.
What is spread in forex?
ICMARKET which is regulated and the most trusted broker.
They provide very tight raw fix spread accounts on almost every pair with fast execution.
https://www.icmarkets.com/?camp=9803
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Welcome to my author blog. With over 12 years of experience in the financial markets, Trading is more than a profession for me; it's a passion that has fueled my curiosity and determination. Over the years, I've explored various trading strategies, dabbled in different asset classes, and navigated through the ever-evolving landscape of technology and innovation. Through it all, I've witnessed firsthand the transformation of the financial industry. My mission is to share the wealth of knowledge I've gained over the years with you, my fellow traders and aspiring investors. Whether you're a seasoned pro looking for fresh perspectives or a newcomer eager to understand the basics, you'll find something valuable here.
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