Alpha Circle Nsukka | Charts, Psychology & Market Discussions

Let me use this image to further explain it now, you will notice that the bank will sell higher to you than you bought from them, it's as a result of them to make profit

U get it now

This is the whole concept

Now, let's talk and what spread is

It's the difference between the bid and ask price

So, the spread is simple the substraction of the bid price from the ask price as you can see the diagram below, an example on GBPUSD was used

Permit me to say this the, spread would not necessarily be 2 pips, rather it's determined by your brokers or it varies among brokers

Also also spread is determined by sessions, take for instance when there's only 1 session opened the spread would be high, compared to when 2 session are open

When they are news event the spread also change

And pair that most trader trades often tends to have more volatility hence less spread, compare to the pair that most traders don't trade the volatility would be low and the spread would be high

BASE AND QUOTE CURRENCY

Explained

As you can see the base currency is at the left side while the quote currency is at the right side

Traders always say that the base currency is always stronger than the quote currency, yes that true in some occasions

But that's not the main point here just be able to identify the base and the quote currency that's all

Daijobu😌✨

Indian rupees my guy😂💔

Even signal traders most likely

Get signals from experienced or even any trader of some worth then trade

Works sometimes for some then they are called lucky

Ohh okay 😂

Yeah very relatable

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Up to dis point is vividly clear Boss😊✨🤲

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