The price difference is essentially the difference between the buying price and the selling price. Because traders tend to exchange one currency for another, currencies traded in foreign exchange are often quoted at the current price compared with another currency.

Simply put, when the exchange rate changes, the difference of points fluctuation is the "price difference". For example, at present, the remittance of BTC/ USD (bitcoin/USD) on Exness's MT5 platform is 43,645.74/43,683.45, and the price difference is 377 1.

Note: As the spread in the foreign exchange market is a floating spread, whenever the foreign exchange market fluctuates, the spread will become larger and smaller as the market fluctuation becomes larger. Therefore, the price difference is a very unstable value.

What is the naked spread of foreign exchange?

The naked spread of foreign exchange also refers to the first-hand spread obtained by platform vendors from mobile quotation providers. Because there is no platform provider to add some fees to the spread at this time, it is also called naked spread.

Generally speaking, the spread of naked spots is very low. At present, the spread we see on the foreign exchange platform is usually the spread added by the platform. Note: The price difference of varieties generally added by the platform is not very high.

However, if the spread you see is unusually high, for example, the spread between European and American currency pairs is around 20 (the spread between European and American varieties is generally around 10), then you may have been blacked out by the agent when you open an account, that is, the spread you see is higher than the market, that is, higher than the spread where the platform provider adds the spread fee.