Two prices on the buttons
An airport ExchangeThe venue where the orders of buyers and sellers meet and the price is formed.In the glossary → booth has two rates. You buy $100 for 92 euros, but the booth buys it back for 90. Buy and immediately hand it back, and you've lost 2 euros. The booth lives on that difference.
A Trading platformThe program through which orders are placed and the chart is watched: MetaTrader 4 and 5 at most forex brokers, the venue’s own at exchanges and crypto exchanges; the order window is the same everywhere — asset, side, siIn the glossary → is the same: the price on the “Buy” button is a little higher, and on “Sell” a little lower. The difference between them is the SpreadThe gap between the best seller’s price and the best buyer’s — part of the cost of a trade.In the glossary →.
Popular assets, like BitcoinThe first and best-known cryptocurrency: no company or country stands behind it, and its price easily moves 3–4% in a day.In the glossary → or the euro against the dollar, have a small spread: there are lots of buyers and sellers. Rare assets have a wider spread, and every trade costs more.
In the SimulatorThe section of the platform with a live chart and a virtual account: trades open and close at real prices, the money is not real, the result is counted as on an account.In the glossary → you can see the real spread on cryptocurrencies: their prices come straight from the exchange. For other assets, the simulator shows one price on both buttons, but with a real BrokerThe authorized intermediary that gives a private person access to the exchange for a fee.In the glossary → there would be a spread there too.
What is the spread?
You bought an asset and sold it right away; the price didn't change. What happened?
Open bitcoin and one more Cryptocurrency, cryptoDigital money such as bitcoin and ether: no company or country stands behind it, the price rests only on demand and so swings harder than other assets; the market never closes, not even at night or at weekends.In the glossary → in the simulator. Compare which one has the bigger difference between the prices on the buttons.