The price at which the market will sell to you (always higher).The gap between them is the "Spread." This is the friction of the market—the "tax" you pay to the house for the privilege of trading. 4. The Macro View
This is an act of utility or speculation . In the retail world, you "sell" a pair even if you don't own the base currency. You are essentially borrowing the currency to sell it now, hoping to "buy it back" later at a cheaper price. 3. The Hidden Cost: The Spread You’ll notice two prices: the Bid and the Ask . buying versus selling currency
Buying is an investment in a country's future; selling is a bet on its relative decline or a move toward a more stable harbor. The price at which the market will sell
The price at which the market is ready to buy from you (always lower). In the retail world, you "sell" a pair
This is an act of faith . You are betting on the growth, stability, or rising interest rates of a specific nation’s economy. You want to hold that "asset" because you believe its value will appreciate.