I am having problems to understand what
sell offer means, given the random pair
EURUSD for instance, in context of exchange market.
Does it mean I am buying
USD or buying
Does it mean I am selling
USD or selling
Does the above interpretation is always the same (given same pair) or it may vary between the exchange markets?
In theory there shouldn't be difference between "Buying
USD", but in practice I find it confusing, when I need to place a bid / ask offer.
Is there are rule which would help me to quickly visualize what is what?
I've dealt with stock market and when I've seen the value of the given stock I knew it means price to pay when buying / selling it. It's easier for me to understand / visualize the "operation" if I have the rough price ratio in my head.
Given 2 unknown instruments, let's say
TRY currencies and seeing that the best
JPYTRY is e.g. 1.5. I would't know immediately if it means that I am buying
TRY or vice versa.
I am sure that it's simple, it's just me having problem to understand it.