Reading a Forex quote is vital for currency trading, involving key components: base currency (first in the pair) and quote currency (second). The bid price is what the market pays to buy the base currency, while the ask price is what you pay to buy it. The spread is the difference between the bid and ask prices, reflecting trading costs. Tighter spreads are typical for major pairs due to high liquidity, while exotic pairs have wider spreads. Understanding and managing these factors is essential for effective trading strategies.
| Sub-course | Link |
|---|---|
| Forex Market Hours: Best times to trade | View Course |
| How to Place a Trade: Buy/sell orders, market/limit orders | View Course |
| How to Read a Forex Quote: Bid/ask price, spreads | View Course |
| Understanding Leverage and Margin: Risks and rewards | View Course |
