"Forex trading could be your key to financial freedom if you could consistently earn pips and at the same time realising the power of compounding".- Harwin Poon



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What is Bid and Ask Price?

One of the important aspects of currency trading is learning forex trading terms. One of the basics is the bid-ask spread. This term is important because in forex trading, there are no commissions. Instead, one must overcome the bid-ask spread, which is the difference between the asking price and the bid price.



In forex, the investor can not attempt to buy on a bid or sell at the offer like in exchange-based markets. On the other hand, once the price clears the cost of the spread, there are no additional fees or commissions. Every single penny gain is purely profit to the investor.


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