Monday, November 2, 2009

3.11 Forex Lexicon : Bid price

The bid is the price at which the market is prepared to buy
a specific currency pair in the FOREX market. At this price,
the trader can sell the base currency. 
It is shown on the left side of the quotation.
For example, in the quote USD/CHF 1.4527/32, 
the bid price is 1.4527; meaning
you can sell one U.S. Dollar for 1.4527 Swiss Francs.

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