What is the Ask Price in Forex?
Ask
Forex Trading Glossary
Quick Answer: The ask is the price at which you can buy a currency pair - it represents what the market charges you. It is always slightly higher than the bid price.
What is the Ask Price?
The ask price (or offer) is the lowest price a market participant is willing to accept to sell a currency pair. Buy orders execute at the ask.
Understanding the Ask
- Spread component: The difference between ask and bid is your trading cost.
- Liquidity cue: Narrow asks indicate healthy competition among sellers.
- Slippage risk: In fast markets, the actual fill can be above the quoted ask.
- Order placement: Limit sell orders sit at or above the ask price.
Learn More About Forex Trading
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