Rabu, 07 November 2007

Buy or Sell

The forex currency pairs are usually traded and quoted with a bid and ask price. The bid is prices which the broker is willing to buy and ask is price willing to sell.
For examples with this pair quotes for USD/JPY was 115.70/90 this would mean a currency trader would pay 115.90 yen for 1 Usd and would receive 115.70 Yen for each Usd when SELLING.

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