The ask, sometimes called the offer, is the price at which the market will sell the base currency to you, so it is the price a buy order pays. It is always the higher number in a two-way quote. A short position is closed at the ask, and the distance between ask and bid is the spread.
Forex glossary
Ask Price
Related term
Bid Price
The bid is the price at which the market will buy the base currency from you, so it is the price your sell order receives when you open a short position. On a t…
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