Sellprice is the price at which the base currency is sold and the settlement currency is bought. This is the best price for you to sell the base currency in the current market.

Remember, when buying currency, use the "bid price" on the right side of the quotation plate, and when selling currency, use the "sell price" on the left side.

The middle price, the difference between the buying price and the selling price, is the "price difference". The buying price is higher than the selling price, because you need to buy and sell money from a foreign exchange broker, who will charge you a "service fee" for providing you with services. Look at the following example.

Suppose there is 1 euro, and the euro/dollar is not fluctuating. Buy 1 euro, sell 1.304 1 euro, then sell 1 euro and buy 1.3038 dollar. After that, you will only have $65438 +0.3038 in your pocket, which is $0.0003 less than the previous $65438 +0.3045438 +0.

There is no fluctuation in EUR/USD, so where is this $0.0003? Quite simply, you pay the broker a service fee of $0.0003. The agent is really plucking his own feathers. How does it make money? You got it?

As long as the broker simply manipulates between the "buying price" and the "selling price" so that there is a price difference between the buying price and the selling price, he can sit on the ground and collect money. This price difference is also called "price difference".

What is foreign exchange? Generally speaking, foreign exchange refers to foreign currency or various means of payment expressed in foreign currency, which is used for international settlement of creditor's rights and debts.

Dynamic meaning: the transaction process of converting one country's currency into another country's currency and remitting it to another country with the help of international credit instruments to pay off the creditor-debtor relationship formed by economic and trade exchanges between the two countries.

Static meaning: foreign exchange is a means of payment expressed in foreign currency for international settlement. This means of payment includes credit instruments and securities expressed in foreign currency, such as bank deposits, commercial bills, bank drafts, bank checks, foreign government treasury bills and their long-term and short-term securities.

The International Monetary Fund defines foreign exchange as: "Foreign exchange is the creditor's rights held by the monetary authorities in the form of bank deposits, treasury bonds, long-term and short-term government securities, etc. Can be used when there is a deficit in the balance of payments. "

China's definition of foreign exchange is: foreign exchange refers to foreign currencies, including banknotes and coins; Foreign currency securities, including government bonds, government bonds, corporate bonds, stocks, etc. ; Foreign currency payment vouchers, including bills (promissory notes, checks, etc.). ) and bank deposit certificates; And other foreign exchange funds.

Point and spread, according to industry practice, the price of foreign exchange rate usually consists of five significant figures, counting from right to left, the first one is called "X point", which is the smallest unit of exchange rate change; The second name is "X ten", and so on.

If the EUR/USD changes from 1. 10 10 to1.10/5, it means that the EUR has risen by 5 points relative to the USD. If USD/JPY changes from 100.00 to 100. 10, it means that USD has risen by 10 point relative to JPY.

Reference materials? Baidu encyclopedia entry foreign exchange trading