The price at which the market (or broker) is willing to buy the base currency from the trader. This concept sits among the basic vocabulary every forex trader encounters early on, since pricing conventions and quote mechanics build directly on top of it.
The price at which the market (or broker) is willing to buy the base currency from the trader. This concept sits among the basic vocabulary every forex trader encounters early on, since pricing conventions and quote mechanics build directly on top of it.
It's the price a trader receives when selling. For beginner traders in particular, grasping this concept early helps avoid common, sometimes costly misunderstandings further down the road.
Always shown as the lower of the two prices quoted. Most traders come across this while reviewing charts, monitoring news feeds, or checking their account dashboard, and being able to spot it quickly is a useful practical skill.
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