Quote / rate currency

Project Forex & Brokerage 5BKP24RS6NCR
Quote / rate currency
Forex quotes consist of the price of 2 prices, ie lower price (Bid) and a higher price (Ask / Offer).
Bid is the price you sell to forex broker (dealer) or the price at which forex broker (dealer) will buy from you. While Ask / Offer is the price you buy from forex broker (dealer) or the price at which forex broker (dealer) will sell to you. Bid is generally lower than the Ask.

Bid and Ask price difference is the Spread. The smaller the spread dealers more profitable forex trader.

Quote from forex looks like this:

forex quote

Quote namely EUR / USD Bid / Ask: 1.2293/96. Means the selling price to your broker and the buying price of 1.2293 is 1.2296 broker. 1.2296-1.2293 spreads is 3 points.

Example:
You open BUY (Long) EUR / USD at price 1.2296 (Ask), then if the bid is now showing the price of 1.2293, it means you're still a loss of 3 pips. Therefore, every time you open the position will certainly take place minus a spread (ie for example 3 for EUR / USD). To get the profit you have to wait until the price bid on the table more than the price UP 1.2296

Please note:
When you open a Buy position (Long), that means you open a position with the ask price, and then will be closed (close / liquid and including stop loss and profit targets) using the bid price.

When you open positions Sell (Short), that means you open a position with the bid price, and then will be closed (close / liquid and including stop loss and profit targets) using the ask price.

Position Open to Close (TP * / SL **) with
Buy (Long) Price Ask Price Bid
Sell ​​(Short) Price Bid Price Ask

* TP = Take Profit
** SL = Stop Loss