In the context of forex trading, “ask” refers to the price at which a currency pair can be bought from a broker. It is also known as the “offer” price or “buy” price.
When trading forex, you will see two prices for each currency pair: the “bid” price, which is the price at which the market maker or broker is willing to buy the currency pair from you, and the “ask” price, which is the price at which they are willing to sell the currency pair to you. The difference between the bid and ask prices is called the “spread.”
For example, if the current market price of the EUR/USD currency pair is 1.2000/1.2002, the “bid” price is 1.2000 and the “ask” price is 1.2002. If you want to buy the EUR/USD currency pair, you would have to pay the ask price of 1.2002, and if you want to sell the EUR/USD currency pair, you would receive the bid price of 1.2000.
