"How come I keep getting quoted with two prices?"
All forex quotes are quoted with two prices: the bid and
ask. For the most part, the bid is lower than the ask price.
The bid is the price at which your broker is willing to buy
the base currency in exchange for the quote currency. This means the bid is the
best available price at which you (the trader) will sell to the market.
The ask is the price at which your broker will sell the base
currency in exchange for the quote currency. This means the ask price is the
best available price at which you will buy from the market. Another word for
ask is the offer price.
The difference between the bid and the ask price is popularly
known as the spread.
On the EUR/USD quote above, the bid price is 1.34568 and the
ask price is 1.34588. Look at how this broker makes it so easy for you to trade
away your money.
If you want to sell EUR, you click "Sell" and you
will sell euros at 1.34568. If you want to buy EUR, you click "Buy"
and you will buy euros at 1.34588.
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