What does the Spread mean in Forex Trading?

The spread is the difference between the ASK price and the BID price. The BID price is the rate at which you can sell a currency pair, and the ASK price the rate at which you can buy a currency pair.

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Forex Terminology

A continually growing glossary of Forex Terms. – ACCOUNT BALANCE: Amount of money in your account. APPRECIATION: A currency is said to appreciate when price rises in response to market demand; an increase in the value of an asset. ARBITRAGE: Taking advantage of countervailing prices