What is a bid-ask spread?
An example of an AI chatbot conversation about the bid-ask spread in trading.
Can you explain what a bid-ask spread is?
Sure! The bid-ask spread is the difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller will accept (ask).
Why is the bid-ask spread important in trading?
It's important because it affects the cost of trading. A narrower spread usually indicates a more liquid market, while a wider spread can mean less liquidity.
How does the bid-ask spread impact my trading strategy?
It can impact your strategy by influencing your entry and exit points. A wider spread may increase your costs, so it's essential to consider it when placing trades.
Can the bid-ask spread change over time?
Yes, it can change based on market conditions, liquidity, and volatility. During high volatility, spreads may widen.
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