Common Forex Terminology of the day

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#1 Wed, 2015-09-30 06:32
Laudemer Perez
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Common Forex Terminology of the day

"bid price" - is the price that you can sell a currency pair
to the dealer.

"ask price" - is the price that you can buy a currency pair from the dealer.

Note: 

The bid price is always lower than the ask price.
The difference between the ask and the bid price is called the "spread".