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What does buy sell mean in forex?

what is means of forex buy/sell

What is Buy/Sell: When we buy a pair, it means we buy the base currency. At the same time I sell Quate currency. Again, when we sell a pair, we sell the base currency. Buy or buy Quate currency at the same time.

If you place a buy order, you will profit if the market goes up. And if you order to sell, if the market goes down, you will profit. In buy, base currency is bought and quate currency is sold. Again when selling, Quate currency is bought and base currency is sold.

When we buy or sell a currency pair, the sell price is lower than the buy price. This means you want to sell the base currency and buy the quate currency.

Buy means to buy base cunneney. Selling means selling Quate currency.

** Sell option price is second currency or Quate currency price. And the price of buy option is base currency or first currency price.

** Buy or Sell price is different because of commission or profit. The broker takes this profit to provide us with various technical support.


Buy/Sell Example

EUR/USD

Sell ​​                   Buy

1.1821*4           1.1822*8

Bid Price Ask Price

Sell ​​price is called bid price. And Buy price is called Ask price.

That is, if we want to sell our base currency EUR in the EUR/USD pair, we have to sell at the bid price. If you want to buy Euro again, you have to buy it with 1.1822*8.

When we sell a pair, we sell the base currency and buy the quate currency. Again, when I buy a pair, I buy the base currency and sell the quate currency.


** When the price at which we can sell the base currency is the bid price. The price at which we can buy the base currency is the ask price. The price at which the broker wants to buy from you is called the bid price. And the price at which the broker will sell to you is called the ask price. The base currency is the basis for buying and selling.


If you buy EUR/USD, you buy the base currency euro and simultaneously sell the quate currency usd.

 Remember that buying is called long and selling is called short.

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