What do terms like "bid/ask," "spread," and "rollover" mean?

[officerscoaching]

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[Simon Davis]

To be fair these are the stuff you learn from any site, as it’s all logical stuff and we don’t need to understand much about this. Now just to clear things, I will answer it 1 by 1. Bid/Ask price is basically the rates including the broker’s spread which is basically commission that they charge for allowing us to trade and roll over is basically when your trade enters into 2nd day, so that’s called rollover. You won’t ever find rollover written on terminal or with any broker, but it’s termed as swap. I don’t really like swap which is why I use swap free account with OctaFX broker, it’s best broker of Asia and one of the best worldwide.