The Bid and the Ask
Forex quotes are shown in bid and ask prices. Bid is the price the market is ready to buy a given currency pair. At the Bid price you can sell the pair to the market.
Ask is the price the market is ready to sell a currency pair, so, at this price you can buy the pair from the market.
You can buy from the market 1 GBP for 1.25208 USD, or sell 1 GBP for 1.25184 USD to the market.
During Brexit at United Kingdom, if you sell GBP/USD at quote 1.49000 and close the position at quote 1.32350, you win 1665 pips, just as an example, there are many events happening such as Google share launching, United State's voting for Trump administrations, blockchain ICO (e.g. Bitcoin or Litecoin cryptocurrency), etc.
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Disclosure: Trading financial instruments involves certain amount of risk.
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