Hello, and noob Q!

Beginner Questions
1

Hello!
I’m very new around here. Recently started trading, mostly demo.
I have an account that gives me market news during the day, but frequently there will be a report like this;

“Market talk of bids in EUR/USD at 1.2300”

What exactly does that mean?

Is it that they expect it to drop to that price?

Thanks,

Laelaps

2

It means if the market were to drop to 1.2300 buyers would be expected to come in to support the market and prevent it going lower, or at least slow it down.

3

The Opposite of that is offers at X price and that would be some kind of resistance.

4

Thanks Rhodytrader :slight_smile:
That’s very handy to know!

edit**

Thanks MeiHua! Posted that at the same time!

I had noticed that also. I sometimes feel like there is a whole other language used in some forex forums. I’m slowly starting to make sense of it.

I appreciate the input guys :slight_smile: