Quotes and spreads

Ask Forex - This is the actual price of futures or options and currency at some point. Forex quotes are a source of information and an indicator of market price.

Exchange Rates exist only in pairs. The main currency is worth in the first place, and the quotation currency in the second. The wholesale market using five-digit quotes.

"Suggested price" and "asking price" are typical of any financial product, as well as for quotations on the online Forex trading currency market.

To easily read quotes Forex, you need to remember that the primary currency is worth in the first place in the pair, and that its value is equal to unity.

Spread is called the difference between the offered price and the requested price. Standard spread depends on the currency pair you are trading. If the couple often appears in the auction, the fluctuations in spreads would be small. That is, the range spreads common currency small (4-5 pip), while the range spreads exotic currencies may not be very wide (5-20 pip).

The lower the spread, the closer the offered price and the asking price. Accordingly, the greater the spread, the greater the distance between the prices of supply and demand.

If you intend to buy the base currency, relying on your expectations regarding its growth, you need to make a transaction at a time when the proposed price is above the selling price.