Right-Hand Side (RHS)
The ask/offer side of a two-way price quote. Buying "on the right" means buying at the ask price.
The right-hand side (RHS) of a two-way forex quote is the ask or offer price. Buying at the ask is called 'paying the right'.
Right-hand side (RHS) refers to the ask or offer price in a two-way forex quote. In the standard quote "bid/ask," the ask is on the right. When you buy at the ask price, you're "paying the right" or "dealing on the right-hand side."
How It Works
- Quote: 1.1000/1.1005
- 1.1000 = left-hand side (bid)
- 1.1005 = right-hand side (ask) = price to buy
- "Yours!" in dealing = buying at ask
Trading Tips
You always buy on the right and sell on the left
The spread (difference) is the market maker's profit
Tighter spreads mean lower trading costs
Right-Hand Side (RHS) Example
Say GBP/USD quotes 1.2700 / 1.2703 and you want to buy. You pay the right-hand side at 1.2703, the ask, and price must climb those 3 pips before your position shows green.
How Traders Use Right-Hand Side (RHS)
Remember you always buy on the right and sell on the left. Quoting it back this way on a dealer call removes all ambiguity, and it keeps your limit orders on the correct side of the quote.
Related Terms
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