Difference between buying rate and selling rate in forex

Difference between buying rate and selling rate in forex

The buying rate is the rate at which money dealers will buy foreign currency, and the selling rate is the rate at which they will sell that currency. K views Related Questions What is the difference between ‘buy’ and ‘sell’ exchange rates? Last Updated: 23 Jan A 'Buy rate' is the rate that ASB will buy foreign currency from you. A 'Sell rate' is the rate that ASB will sell foreign currency to you. Take a look at our current exchange rates to see the current buy and sell rates 02/03/ · Remember that if you sell to open your trade, you will buy to close it. We can see that the buy side high of this same candle was which explains why Estimated Reading Time: 2 mins

What is the difference between ‘buy’ and ‘sell’ exchange rates? - ASB Help

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You can learn more about our cookie policy hereor by following the link at the bottom of any page on our site. See our updated Privacy Policy here. Note: Low and High figures are for the trading day. The buy price is higher than the sell price, but the fact that the charts usually only show the sell side price can be the cause of confusion for traders who are not aware of this.

One of the advantages of using the MarketScope charting package that comes with the FX Trading Station II is that you have access to both prices. You will notice that there is a choice of whether to choose "B" or "A". The "B" stands for Bid, which is the price at which you can sell this pair.

Many traders who sold this pair earlier and placed their protective buy stop at 1. When logging back into their FX Trading Station II, they are surprised to find out that they were indeed stopped out of their trade, and at a price higher than the high difference between buying rate and selling rate in forex on this chart. This second chart explains why. This chart shows the same time period of the same pair and notes the same candle.

The difference is that I clicked difference between buying rate and selling rate in forex the "A" which means that the chart will show the buy side prices. Remember that if you sell to open your trade, you will buy to close it. We can see that the buy side high of this same candle was 1.

The difference between the sell side price and the buy side price is of course, the spread. So whenever you are buying with the use of an entry order or exiting with a buy stop order or a buy limit order, remember to use the buy side prices on your chart.

There are not many charting packages which give you this option, but the free MarketScope charting package does, which shows just how valuable these charts can be for traders at FXCM. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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Difference Between Buy \u0026 Sell in forex

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06/09/ · Selling and Buying Rates Key Points. - The buying rate for a currency is known as the 'bid' and reflects what the market is willing to pay for an asset. - The selling rate is known as the 'ask 02/03/ · Remember that if you sell to open your trade, you will buy to close it. We can see that the buy side high of this same candle was which explains why Estimated Reading Time: 2 mins What is the difference between ‘buy’ and ‘sell’ exchange rates? Last Updated: 23 Jan A 'Buy rate' is the rate that ASB will buy foreign currency from you. A 'Sell rate' is the rate that ASB will sell foreign currency to you. Take a look at our current exchange rates to see the current buy and sell rates