How To Quote Forex

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The difference between the bid price and the ask price is called a spread. If we were to look at the following quote EUR USD = . , the spread would be . pips, also known as points..If instead of USD JPY, this quote read USD CAD = ., you would read it the exact same way. If you want to buy US$, it will cost you C$., and if you wanted to sell US$, you would get C$ These exchange rates simply tell you how much you will pay receive if you buy sell the "base" currency..Currencies are quoted in pairs, for example the EUR USD is the euro U.S. Dollar pair. Using this quotation, the value of a currency is determined by its . In a quote, the currency pair is often followed by a bid and ask price, which will reveal the spread and the number of pips between the broker s bid and ask price..

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