Saturday, February 28, 2009

Bid Price

Bid Price

The bid is the price at which the market is prepared to buy a specific currency pair in the Forex market. At this price, the trader can sell the base currency. It is shown on the left side of the quotation.

For example, in the quote GBP/USD 1.8812/15, the bid price is 1.8812. This means you sell one British pound for 1.8812 U.S. dollars.

1 comment:

  1. Hey Everybody,

    Below is a list of the most recommended FOREX brokers:
    1. Most Recommended Forex Broker
    2. eToro - $50 minimum deposit.

    Here is a list of money making forex instruments:
    1. ForexTrendy - Recommended Odds Software.
    2. EA Builder - Custom Indicators Autotrading.
    3. Fast FX Profit - Secret Forex Strategy.

    I hope you find these lists beneficial.

    ReplyDelete

 
Add to Technorati Favorites free counters