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Forex question What does the spreads mean?
avatar Catkathy
Question by: Joseph - 16 Jan 2017, 04:31:40
What does the spreads mean?
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Answers (1)
avatar user 11691
Answer by: Samanthar - 16 Jan 2017, 04:33:29

In forex the spread is the difference between the BID and the ASK price. In order to ‘go long’ you would submit a BUY order and trade on the ASK price, if you intent to ‘go short’ you would submit a SELL order and trade on the BID price.

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