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March 17, 2016

Question:How to show both bid/ask(sell/buy) price on MT4/MT5 market chart?

Answer:

When you trade Forex & CFDs, there is always a spread between bid/ask prices.

Bid is the price when you sell, and the ask is the price when you buy.

You may want to make sure that you know where is the bid and ask lines, as it may affect your trading result directly.

How to show up the ASK(buy) price

MT4 chart shows Bid(sell) line by default.

So you wouldn’t know the ask price by looking at the MT4 chart.

bid line

Please follow the instruction below to show Ask line in MT4 chart.

1. Right click in the chart and select ‘Properties’

Please make sure that you have already logged into the chart.

*You can also type “F8” on the chart, and the property screen will pop up.

MT4 Properties

2. Check the ‘Show Ask line’ box and click ‘ok’

The changed setting will only be applied on the chart you have selected.

SnapCrab_Properties of EURNOKM1_2016-3-17_21-18-40_No-00

3. The ASK line is appeared

The red line above the white line is the ASK line.

ask bid line

Variable Spread

FBS offers variable spread with Cent, Standard and Unlimited account.

In case of variable spreads, the difference between the ask and bid line can get wider in certain situations.

The certain situations would be:

  • Important economic data release
  • News time
  • Weekends etc

You may want to check the spread before placing orders.

*FBS offers fixed spread for Micro and Zero spread account.

Perfectly hedged positions

As FBS offers fixed spread trading environment, you are able to place orders which are perfectly hedged, but you can not in the variable spread accounts.

Sometimes Stop Out occurs even you have hedged positions. As spreads go wider, more margins required for hedged positions.

FBS has free online educational series in the FBS Official Website.
signup today for free and start learning about online trading together!

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FBS is an online Forex & CFD broker based in Belize and founded in 2009.

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  1. It is pretty easy to open an account on the platform. Just head over to the website and follow the instructions presented by the broker. Anyone should be fine.

  2. The author just gave instructions on how to do that, a very good one!
    In FBS I have been trading for a long time and when I started metatrader 5 was not that popular and everyone was using 4. But now, little by little, I see how people are moving to metatrader 5. It will have quite a big community and team of supporters in near future.

  3. These are standard requirements for opening a trading account. Nothing too crazy as far as I know.
    At least my verification process was very fast compared to other forex brokers that I dealt with prior to FBS.
    You immediately feel the vibe of a respectable and reliable forex company as soon as you start trading here.
    The execution feels great, the pricing is tight for the most part. And the number of additional tools to enhance my trading is impressive.

  4. Opportunity to open multiple accounts but with the requirement of opening only one acc for each acc type is a weighted solution that allows traders to diversify their trading. I like it.

  5. Well, it turns out that this article has a detailed description of all of the broker’s services.

  6. Let me begin by expressing my admiration for FBS’s services and features! Since the day I became their client, I have been treated like a VIP. Their array of account options is tailored to meet all traders’ requirements, and their minimal deposit requirement is affordable, making it accessible to everyone.

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  7. I am not a very impressionable trader, it is hard to surprise me. But the FBS surprised me with their market making in exotic forex pairs. Very neat to be able to find opportunities in those!

  8. Opening a trading account with this broker is a simple procedure.
    When I opened a trading account it took me a few minutes.
    So, anyone who wants to start trading can open a trading account on their own. Or you can use the recommendations in this article.
    Also, I want to draw your attention to the fact that you do not have to immediately start trading on a real account. It is possible to practice on a demo account in order to get used to the platform.

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