89. Forex Trading - Understanding the Bid/Ask Spread | Forex
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Check out the free forex course on InformedTrades: http://www.informedtrades.com/f112/ Register for a free forex demo trading account: http://bit.ly/IT-forex-demo3 A lesson on the two way quote in forex trading referred to as the bid ask spread and what this means to us as traders of the forex market.
Comments
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where does the spread open and close after each candle
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I often read about spread manipulation. How does it affect things?
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hence as david said in the video bid is sell price while ask is buy price. surely no one will be willing to sell at a price lower than or equal to the buying price, therefore bid = ask or ask > bid is indeed practically impossible
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example of what?
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and by bid & ask prices converging i meant bid = ask or ask > bid, so after diverging as they come back closer together technically they're converging. sorry about my logical error
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thanks for the answer. for the book, i've finished it long before i actually got into trading, when i was still only considering it. as with every "for dummies" or "idiot's guide" book honestly i find the injection of irrelevant humor distracting. i know they had good intentions when they decided to include jokes in their books, maybe for a better reading experience or memory retention, but personally it's too much
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i use metatrader 4 as my trading platform which enables to display bid and ask prices for one currency pair on one tick chart. most of the time the bid and ask prices move together but sometimes they diverge e.g. bid up, ask down (but so far i've never seen them converge, if they do converge). why does this happen and how would it affect the price chart?(ex. can a candlestick simultaneously increase and decrease? how do you determine the close/open prices?) many thanks to anyone who answers
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Hey Swingkid, Glad to hear from you and yes that is correct. Best Regards, Dave
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It is a fact that most traders lose money so I would agree that its easier to lose money fast trading than it is to make money fast. Best Regards, Dave
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Hi mmikhaiel, Thanks for the comment. In short yes I do think there is some correlation between the US stock market the US Dollar and certain other currencies such as the Japanese Yen. For a more in depth explanation of why I have a bunch of free videos on what moves the forex market in my free forex trading course over at InformedTrades. Best Regards, Dave
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Hi, Do you think there is a correlation between the US stock market trading and the Forex trading?
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Hi 330AKJLP, Thanks for the comment. Please feel free to post any questions or info that you would like to share over at the ask answer questions section of InformedTrades. Best Regards, Dave