Two Trades

Two trades. (Occasionally, the term tick is also used as a synonym for pip.) When trading the most active currency pairs (such as EUR/USD and USD/JPY) during peak trading periods, multiple ticks may (and will) occur within the span of one second. When trading a low-activity minor cross-pair (such as the Mexican peso and the Singapore dollar), a tick may occur only once every two or three hours (Figure 1-1).
Ticks, therefore, do not occur at uniform intervals of time. Fortunately, most historical data vendors will group sequences of streaming data and calculate the open, high, low, and close over reg¬ular time intervals (1, 5, and 30 minutes, 1 hour, daily, and so forth).
BID PRICE
The bid is the price at which the market is prepared to buy a spe-cific currency pair in the Forex market. At this price, the trader can sell the base currency. The bid price is shown on the left side of the quotation. For example, in the quote USD/CHF 1.4527/32, the bid price is 1.4527, meaning that you can sell one U.S. dollar for 1.4527 Swiss francs.