I think this line from IBFXU is incorrect, can someone please verify for me:
"The current bid/ask price for EUR/USD is 1.2348/1.2350 – meaning a trader can buy $1 USD for 1.2350 EUR or sell $1 USD for 1.2348 EUR."
That can be found here under "margin trading example."
If I understand exchanges correctly, the rate of 1.2348 would indicate the number of USD needed to buy one EUR, correct??
Thanks,
Forexwindo
"The current bid/ask price for EUR/USD is 1.2348/1.2350 – meaning a trader can buy $1 USD for 1.2350 EUR or sell $1 USD for 1.2348 EUR."
That can be found here under "margin trading example."
If I understand exchanges correctly, the rate of 1.2348 would indicate the number of USD needed to buy one EUR, correct??
Thanks,
Forexwindo