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Knowledgebase: Forex Trading
Is it IKOFX have fixed spread over all currency pairs?
Posted by Jocille M on 08 May 2011 10:44 PM

All the currency pair quotes in a two-way price

The 'Bid' and the 'Ask'. The 'Bid' is always lower than the 'Ask' price.

  • The 'Bid' is the price in which the dealer is willing to buy the base currency in exchange for the quote currency means the 'Bid' is the price at which you will sell. 

 

  • The 'Ask' is the price at which the dealer will sell the base currency in exchange for the quote currency means the 'Ask' is the price at which you will buy. The difference between the 'Bid' and the 'Ask' price is popularly known as the Spread.
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