The term “ask” refers to the lowest price that a seller is willing to accept for a security,
The “ask” price is also known as the “offer” price.
The ask price is one of the prices often quoted in the buying and selling of financial assets.
The “ask” price is part of a quote that is typically displayed along with the “bid” price.
It represents the price at which you can buy an asset, and as such will usually be higher than the market price.
It is the opposite of the bid.
In forex, this is the price that you, the trader, may buy the base currency.
In an active and liquid market, this spread tends to be narrow. In a market with less liquidity or in more volatile conditions, the spread tends to be wider, reflecting the increased risk of trading.
Understanding the “ask” price and how it relates to the “bid” price and the “spread” is important for traders, as it can impact the costs of trading and the potential profitability of their trades.