Forex bid is the price that is given when we are going to buy (long transactions / buy) in a currency pair. While the ask is the opposite, namely that the price will be when we transact sales (short / sell) in a currency pair. Easy example: Pair GBP / USD at 1.6470 with a value of the bid and ask at 1.6473. This is to inform you that if the purchase transaction, the price given is 1.6470. Whereas if we do sell transaction, the price given is 1.6473.Well, the difference between forex bid and ask spread broker that is his name. In other words, forex spread is the difference did each currency pair when it traded in currency trading, buying and selling positions, which is determined by each Broker. So to say the amount of this spread to every broker is not always the same, although for the same currency pair. Forex traders, forex spreads are usually always looking for the smallest after finding reliable forex broker to invest as a forex trader.
Now we see that between the forex bid and ask spread broker is there within 3 pips (6473-6470 = 3). the distance between the bid and ask is what is called the SPREAD. Large spread of different in each pair, and for the same pair was given a spread can vary from one forex broker with other brokers. In addition, there are forex brokers who use the fixed spread; spread that does not change in any market condition. And some are using the system of floating spreads, where the spreads vary depending on market conditions.
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