Spread, bid and ask
The spread
Ever opened a trade and it was already negative? That is the spread.
Two prices
| Bid (sell) | 3,880.00 |
| Ask (buy) | 3,880.25 |
| Spread | 2.5 pips |
Every market has two prices: the bid, where you sell, and the ask, where you buy. The gap is the spread, the broker fee.
Spread tips
- Lowest in London and New York hours
- Widest at rollover and big news
- Scalpers must watch it most
Spreads are lowest during London and New York, and widest at rollover and during big news.
Learn it, then trade it with signals.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
Trading involves risk. Lessons are for education, not financial advice.