Notes on Apr 7, 2022
3:13 minutes
The bid is the lower price
Ask is the higher price
Bid and Ask/author is the auction
Bidding the lower and asking/selling the higher price
In FOREX - you sell the lower price with is the bid and you buy the ask which is the higher price.
So the spread is the difference between the bid and the ask.
*every spread is different depending on the market