The "middle rate" is the average of the bid and ask prices of a currency pair. It is also sometimes referred to as the "mid-market rate". The middle rate can be useful for determining potential buy and sell levels, as well as for gauging market sentiment.
What is the best day to trade forex?
The best day to trade forex is when the market is most active. The market is most active when there is the most amount of trading activity taking place. This typically occurs during the London trading session and the start of the US trading session. Does wise use mid market rate? Yes, wise use does mid-market rate, which is the average of the bid and ask prices from a foreign exchange market maker. This is the rate that you will see on most foreign exchange rate websites. Which time frame is best for forex trading? There is no definitive answer to this question as different traders prefer different time frames depending on their trading style and objectives. Some traders prefer to trade in the shorter time frames such as the 1-minute or 5-minute charts, while others may prefer to trade in the longer time frames such as the 1-hour or 4-hour charts. Ultimately, it is up to the individual trader to decide which time frame works best for them.
What is bid rate in forex transaction?
When you are trading in the foreign exchange market, the bid rate is the price that you will pay for the currency that you are buying. The ask rate is the price that you will be charged for the currency that you are selling. The bid rate is always lower than the ask rate. What are the three types of exposure? 1. Technical Analysis
2. Fundamental Analysis
3. Sentiment Analysis