What is the ask price in forex?
In forex trading, the ask price refers to the price at which a currency pair can be bought by a trader. It is the opposite of the bid price, which is the price at which a currency pair can be sold. The ask price is quoted by the market maker or broker and is usually higher than the bid price.
The difference between the bid and ask price is known as the spread. Traders need to consider the ask price when entering a trade and should be aware that it represents the cost of buying the currency pair.
Example of the ask price
The ask price in forex trading is the price at which the broker is willing to sell a currency pair to the trader.
For instance, if the EUR/USD currency pair has an ask price of 1.1000, it means that the broker is willing to sell one Euro for 1.1000 US Dollars.