Ask (price)

A currency pair quote has two indicators: the trader's purchase price and the trader's sale price. Ask is the second indicator of a currency pair's price; its value can be used to determine the trader's purchase price.

When considering Forex terms, one cannot ignore this seemingly simple term, which sometimes causes confusion among beginning 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 Bid indicator by the difference in the brokerage company's commission, 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 1.3 points.

When opening trades in the MetaTrader trading platform, the Ask price corresponds to the "Buy" button in the new order window. This is the price at which you'll open a buy trade.