Bid
The price at which the market will buy from you, so it is the price you sell at.
Related terms
Ask
The price at which the market will sell to you, so it is the price…
Spread
The difference between the bid and ask price, and the main cost of…
Account currency
The currency your trading account is held in. Profits, losses and…
Base currency
The first currency in a pair. In GBP/USD it is the pound. Buying…
Commodity currencies
Currencies of countries that rely heavily on raw-material exports,…
Contract size
The number of units in one lot of an instrument. For forex pairs a…