Buy and Sell - Bid and Ask in Forex
the main activity in the forex is buy and sell
trading is about difference in pip between 2 currencies
pip : is like .00001
difference between 2 currencies may be 10 pip or 20 pip what ever
now we have to know bid and ask
Bid :
is that the price of sell
Ask :
i the price of buy
Buy :
now if you feel that's Ask price will rise you will order buy , until you opened order to buy , every pip rise in ask you gain and every pip down you lose
Sell :
if you feel that's bid price of such 2 currencies will down you will open sell order , until you opened this order you will gain fore every pip down and lose for every pip up
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now we have to understand ( pip )
Pip :
is the amount of really dollar represented by volume
volume :
is the percentage of this order to your money volume may be ( .10 , 1.00 , 10.00 )
but now how do i know which currency to order and buy or sell that's will be shown latter
what ever my advice is to choose the currency with least difference in pips
just if you benefited from us give a comment and any asks we will answer it ... thanks
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