Bid and ask in the Forex
Another couple of terms associated and opposite in the meaning are Bid and Ask. All the quotes in a forex trading have two prices, one connected with the Bid and the other to the Ask. The normal is that the Bid is lower than the Ask, that means that the price of the Bid is lower than the price of the Ask. In particular, the Bid is the maximum price that you (as buyer) want to pay for a currency pair or for a security. On the contrary, the Aask is the minimum price that you, this time as seller, whant to receive, again for a currency pair or for a securety. As the two parametres are not the same, to have an agree in transaction a price is needed that, usually, is in the middle of the two.