The prices of stocks that are displayed live. Is it the ASK price or the BID price?
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With some forex platforms you can choose to chart either the bid or the ask price, and you can flick between the two.In forex, it is the last Sell price. Forex does not use the mid point All forex charts use the last Sell price that was executed.
the LAST price usually lies somewhere between the bid and ask. .
With some forex platforms you can choose to chart either the bid or the ask price, and you can flick between the two.
No. The LAST price is the last Sell price.
Not sure I'm with you. If I choose to go long, the transaction will occur on the BUY price, which will be the ask price on my charts. If i go short, the transaction will occur at the SELL price which will be the bid price on my charts. As far as I can tell, my charts provide me with quotes irrespective of whether whether any actual transactions occurred at that price.Yes. But the actual Sell price is the LAST sell price. You can modify the Chart to reflect either the bid or the ask price but the actual transaction is on the Sell price
Not sure I'm with you. If I choose to go long, the transaction will occur on the BUY price, which will be the ask price on my charts. If i go short, the transaction will occur at the SELL price which will be the bid price on my charts. As far as I can tell, my charts provide me with quotes irrespective of whether whether any actual transactions occurred at that price.
The prices my forex charts indicate match precisely with the Bid and Ask. I'd be pretty pissed if they didn't to be frank.The charts do NOT provide you with quotes (the Bid and the Ask).
Your charts will provide you with a chart of all the last Sell prices.
The prices my forex charts indicate match precisely with the Bid and Ask. I'd be pretty pissed if they didn't to be frank.
I can (and do) flick between the bid chart and the ask chart. If I go short, I'll flick to the ask chart to determine stops and targets, because it will be the ask price I exit on. If I go long, I'll flick to the bid chart, because it will be the bid prices that I will need to hit my target/s. They are not displayed on the one chart. In times of news announcements or low market liquidity, the two charts can look noticeably different.So your charts have TWO sets of lines? One for the Bid and one for the Ask? With a 2 pip spread between them?
And in times of News announcements, the TWO lines have a bigger space between them for the increased spread?
I reckon you should ask your broker what the CHARTING package that you use is set at. Using the Bid or the Ask.