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Bid and Ask Function

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Ask you now bid and ask distance called as spread. And the question whats the function of bid and ask?

When you made short (sell) position, 
- Bid will work as Open poin, and
- Ask will work as Exit poin

When you made long (buy) position,
- Ask will work as Open poin, and
- Bid will work as Exit poin

I'm set my MT software with red colour for bid and green color for ask. Examples,
- When I take short (sell) entry price start from red (bid) and will end in green (ask).
- When I take long (buy) entry price start from green (ask) and will end in red (bid).




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#1 - March 11, 2019, 12:37:37 AM

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Bid and Ask Function in Forex Education_xx
A bid price is the price at which the market is ready to buy a particular currency pair. Or in other words for us / trader is the price at which we can sell. and Ask price is the opposite of bid price, so this means that the price at which the market is ready to sell a particular currency, or for us is the price at which we can buy.
#2 - May 25, 2019, 09:52:18 AM

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Bid and Ask Function in Forex Education_xx
Ask you now bid and ask distance called as spread. And the question whats the function of bid and ask?
thank you for being reminded again, during my trading I just ignored the bid and ask prices.
#3 - May 25, 2019, 10:46:07 AM
« Last Edit: November 12, 2020, 01:18:11 PM by Mikser »

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The bid and ask function is for trader information and describes the selling price and the buying price which can be done instantly and there are also pending orders in the order book.
#4 - November 12, 2020, 08:50:14 AM

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The bid and ask prices are the bid and ask prices listed in an order book so that traders can use them to place the right positions.
#5 - November 12, 2020, 02:07:51 PM

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In forex trading, we rarely see bid and ask prices, but in crypto trading, for example, the bid and ask is often listed in an order book or at a bank office, it is also often called the exchange rate.
#6 - November 18, 2020, 06:46:25 AM

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Bid and Ask Function in Forex Education_xx
The bid and ask functions as an indicator of the exchange rate or the difference between the buying and selling prices that a person can take instantly or by placing a pending order.
#7 - November 18, 2020, 05:11:04 PM

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The bid and ask have a fundamental function, namely as information if we want to make transactions both instant and limit orders so that we can easily find out the conditions in the market
#8 - November 18, 2020, 06:10:01 PM

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Bid and Ask Function in Forex Education_xx
The bid and ask function as a record of orders from market participants, but in forex trading, retail traders can rarely see bids and ask except professional traders.
#9 - November 19, 2020, 01:47:07 PM

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The bid-ask can be called the spread, the difference between the selling and buying price when trading forex, stocks, crypto etc.
To explain the simple bid-ask is the transaction fee.
#10 - November 20, 2020, 04:26:16 PM
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Ask and bid basic lessons for forex trading, maybe traders who are just trading for the first time will be surprised by the discounted fees from brokers.
My advice for beginner traders reading this article, you should first learn with this broker cut.
and determine which broker to choose, see the size spread / cut it, is large or small.
#11 - November 22, 2020, 03:16:30 PM

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The bid ask distance given is for the benefit of the broker, as a broker partner it must be mutually beneficial.
The broker also likes to give back the profit from the discount for a rebate.
#12 - November 25, 2020, 05:59:43 AM

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Bid and Ask Function in Forex Education_xx
Bid and ask are the terms for transaction orders that occur in the market, in forex trading the bid and ask are not shown to the trader because they do not help in the trader's analysis.
#13 - November 26, 2020, 03:03:47 AM

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The bid and ask if in banking is the number that is printed on the wall when we go to the bank, it is the same as the price in forex and other trading platforms.
#14 - November 26, 2020, 10:54:57 AM

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Bid and Ask is the difference given in the trading market, this difference is used for traders as determined by the broker.
When we open a position, we definitely have to cross the gap before getting a profit.
#15 - December 01, 2020, 04:04:47 AM

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