Is the price of a currency pair the Bid or Ask price for that currency pair? Or is it something in between? Thanks.
Binary Options Trader
- #2
- Last Post: Sep 21, 2006 5:35am Sep 21, 2006 5:35am
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
If you mean "what are the charts based on?" it can depend on your trading platform. On some you can change which is used . Usually it's the "Bid" or sell price.
If you mean what is the price in general, it's got a few answers depending on whether your talking about your broker's price or the actual market price.
What you see on your trading screen is "based" (in a perfect world) on the last transaction by whichever bank or group of banks are providing the feed/s. My thoughts were that the "Bid" represented the underlying price (or last transaction) and the "Ask" is based off of that price plus the spread.
Hopefully someone can point you to a good link that will explain it more thoroughly.
If you mean what is the price in general, it's got a few answers depending on whether your talking about your broker's price or the actual market price.
What you see on your trading screen is "based" (in a perfect world) on the last transaction by whichever bank or group of banks are providing the feed/s. My thoughts were that the "Bid" represented the underlying price (or last transaction) and the "Ask" is based off of that price plus the spread.
Hopefully someone can point you to a good link that will explain it more thoroughly.
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