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Forex question What does the spread mean?
avatar Catkathyy
Question by: Jeremy - 01 Dec 2016, 08:52:04
What does the spread mean?
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Answers (1)
avatar user 11591
Answer by: Henry - 01 Dec 2016, 08:58:16

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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