Ask (price)

The quote of a currency pair has two indicators - the purchase price and the sale price of the currency by the trader; ask is the second indicator of the price of the currency pair; by its value, you can find out the cost of purchasing the currency for the trader.

When considering Forex terms, one cannot ignore this seemingly quite simple term, but sometimes causing confusion among novice traders.

Ask (price) - in other words, this is the price at which the broker sells currency to its clients; it is at this price that purchase transactions are made in the trader’s trading terminal.

This price is always higher than the value of the second indicator Bid for the difference in the commission of the brokerage company, which is expressed as a spread.

That is, if you buy a currency and immediately want to sell it, and the exchange rate of the currency pair does not change during this time, your loss will be exactly these 1.3 points.

If we talk about opening transactions in the metatrader trading platform, the Ask price (price) corresponds to the "Buy" button in the window for opening a new order. It is at this price that you will open a buy transaction.