A Forex Trading Bid price is the price at which forex bid ask rate market is prepared to buy a specific currency pair in the Forex trading market. This is the price that the trader of Forex buys his base currency in.
In the quote, the Forex bid price appears to the left of the currency quote. 47, then the bid price is 1. Meaning you can sell the EUR for 1. A Forex asking price is the price at which the market is ready to sell a certain Forex Trading currency pair in the online Forex market. This is the price that the trader buys in. It appears to the right of the Forex quote.
47, the ask price us 1. This means you can buy one EUR for 1. This signifies the expected profit of the online Forex Trading transaction. Ask Spread is set by the liquidity of a stock. What are Regulators and How to Choose a Good One?