May 5, 2021
Estimated reading time: < 1 min
The ask is the term used when one trader expresses an intention to buy an asset or financial instrument from another trader or institution.
The “ask” price is also known as the “offer” price.
The asking price is one of the prices often quoted in the buying and selling of financial assets.
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.
The bid (the price at which you can sell an asset) is quoted as lower than the ask (or offer), and the difference between the two is known as the spread.
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