Forex Terms

Ask/Bid price

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Bid price: In forex, bid price is a term used to express the highest price a buyer is willing to pay.
Ask price: In forex, ask price is a term used to express the lowest price a seller is willing to pay.
According to these definitions, the bid price is always below the ask price. If we consider a pair, the bid is always the first quoted price, and the ask is the second one.

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