The price a trader can sell a particular financial instrument, such as currency pairs.
Effectively, the bid price is the price that the trader will get for a short position.
The bid price is always lower than the ask price, which is the price offered for a long position.
The difference between the ask and bid price is called the spread.
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Keep a mindful eye on $EURGBP. As troubled as the euro is, the sterling's percieved detachment from 'EU issues' is vanashing. Things so crazy even the scalper is taking a longer term position. @MBForex $GBPJPY http://t.co/qd0kwca3 Oh man. This chart was just glorious. I'm glad I stuck with it.
i need a tradeable low to get long...dont have one yet-if it fell to 7830 then i'd punt long with a 7600 stop-no reason to do it here though lots of chatter on $USDJPY right now-i've come to respect time pivots as much as price levels regarding initiation of new trades and $AUDNZD working on a daily reversal - already short $AUDUSD - considering a synthetic with the $NZDUSD leg Good luck paying your bills then...|| “@CVecchioFX: Greek PASOK leader Venizelos says June election may be followed by another vote.” at this point, this is the largest 1 day $USDJPY decline since december 3 2010 (in %) $USDOLLAR http://t.co/UoYNgroJ Usually such good bedfellows, there is a serious divergence between the $S&P 500 and $Dollar today. ...have to be careful about expecting momentum on this pair in a vacuum. Other yen crosses have already made sizable moves. Could bounce. If it isn't clear, I am alos trailing up my stop on the remaining half of the $GBPJPY short to lock in at least +125... How could this happen to the yen with Azumi and Shirakawa watching so vigilantly? *sarcasm* After this $GBPJPY tumble, the pair is now at its 50% Fib retracement of the 1/15 to 3/21 bull run at 125.35. Time to take half off at +225.
$/¥ taking it on the chin; Noda [still] watching ..Isiah Thomas of c-bankers
Learning a new language from younger followers.. LDHF all! RT @Seyan3: @EdMatts LDHF for Nasty Cable Trade! reached target of 1.5800! Quote of a lifetime RT @motivatquotes: Formal education will make you a living; self-education will make you a fortune. ~ Jim Rohn Find market too volatile? 1) cut position size or 2) stop #trading.. until regain perspective..always try to trade from strength @squinvco Thats what I like about Nic.. she says it as it is RT @NicTrades: So many people don't like the $FB IPO, makes me want to buy it
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Trading OTC Forex on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange or futures you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading, and seek advice from an independent financial advisor if you have any doubts.
