Mechanics
Ask (offer)
The price at which you can buy the base currency.
The ask, sometimes called the offer, is the higher of the two prices in a currency quote. It is what the market is willing to sell to you at, and therefore the price you pay when you go long.
Because you buy at the ask and sell at the bid, every new position begins fractionally negative by the width of the spread. On short-target strategies that starting deficit is a material part of the trade's arithmetic.
Taught in these lessons
- The bid, the ask & the spread — Forex Foundations
- Choosing a timeframe — Charts & Execution
- Placing a stop that makes sense — Risk & Position Sizing
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