To understand how to read a quote in the stock market for CFDs, consider the following steps:
Stock Symbol | This is the unique code that identifies a stock in the market. For example, “AAPL” for Apple Inc. | |||
Bid Price | Indicates the price at which buyers are willing to purchase the stock at that moment. | |||
Ask Price | Shows the price at which sellers are willing to sell the stock at that moment. | |||
Spread | It is the difference between the bid price and the ask price. A narrower spread is preferable as it implies lower transaction costs. | |||
Price Change | Indicates how much the stock price has changed since the previous close. |