Bid/Ask offer price
At Trader’s Way, Prime Online Forex and CFD broker, we ensure our clients are able to access some of the most accurate quotes on state-of-the art trading terminals. We understand that traders have varying trading requirements, given which, we provide our clients with customized accounts with both fixed and varying spreads. In addition, we encourage new traders to check out our edu resources, covering all aspects of trading. Here’s a recap on the Bid/Ask Offer price. All trading instruments can be bought or sold; that is the Ask or the Offer rate is the one at which the trader can buy the instrument/asset. And the Bid Price is the rate at which the market is willing to purchase the instrument from the trader.
Example: The quoted EURUSD rate at the moment is 1.06186/1.06188. This means that 1.06186 is the bid price - a trader can sell EURUSD at this price, whereas 1.06188 is the ask price - a trader can buy EURUSD at this price.
For more details, please check out Trader’s Way.
At Trader’s Way, Prime Online Forex and CFD broker, we ensure our clients are able to access some of the most accurate quotes on state-of-the art trading terminals. We understand that traders have varying trading requirements, given which, we provide our clients with customized accounts with both fixed and varying spreads. In addition, we encourage new traders to check out our edu resources, covering all aspects of trading. Here’s a recap on the Bid/Ask Offer price. All trading instruments can be bought or sold; that is the Ask or the Offer rate is the one at which the trader can buy the instrument/asset. And the Bid Price is the rate at which the market is willing to purchase the instrument from the trader.
Example: The quoted EURUSD rate at the moment is 1.06186/1.06188. This means that 1.06186 is the bid price - a trader can sell EURUSD at this price, whereas 1.06188 is the ask price - a trader can buy EURUSD at this price.
For more details, please check out Trader’s Way.