Forex spread betting allows the trader to trade a live account, making a ‘bet’ or trade based on which way the trader thinks the price will move. The Forex broker will quote the trader two prices – the difference between the price being the spread and where this type of trading takes its name.

The Forex spread betting quote will contain the ‘Bid’ and ‘Ask’ price. If the trader thinks the price will go up, they will buy at the ‘Bid’ price. If the trader anticipates the price of the currency pair to go down, the the trader will look to enter the market to sell at the ‘Ask’ price.