Quotes in foreign exchange transactions report the difference between the buying price (ask) and the selling price (bud). The easy-to-understand statement is the difference between the buying price and the selling price. For example, the buying price in Europe and America is 1.3543, the selling price is 1.3546, and the price difference between Europe and America is 3 points.

The price difference is as follows:

1, fixed point

No matter whether the market is flat or fierce, the gap will not be affected.

Advantages: The advantage of fixed spread is that the transaction cost is fixed, and the bid-ask spread is always fixed no matter how the market trading volume and circulation change.

2. Floating-point difference

The floating spread changes with the market, that is, the fees charged by traders change with the market situation. The trading height adjusts the bid-ask spread according to its own cost, which is the service price mode provided by traders under ECN mode. Because traders in ECN mode did not manually quote or modify the data, they stopped the loss. They hand over the transaction directly to the other customer or the big bank above 12 (customers and banks are like a big pool).

Advantages: It is suitable for mature and well-funded foreign exchange traders, and a small amount of gold is charged for each transaction.