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 Incurrency trading, understanding how prices are quoted and the concept of spreads is vital for traders to make informed decisions and execute profitable trades. Bids and offers play a significant role in determining the current market price and represent the willingness of traders to buy and sell currencies. A bid price is the highest price a buyer is willing to pay for a currency pair, while the offer (or ask) price is the lowest price at which a seller is willing to sell the same pair. The difference between the bid a... more