Ask

The term “Ask” is widely used throughout the trading industry which refers to the price at which a seller offers currency, futures, stocks, CFDs or options. Some other synonymous terms includes: asking price, asked price, offering price, offer and ask price.

Relation Between Ask and Bid

The term “Ask” and “Bid” are very much interrelated. Bid refers to the highest price that a buyer wishes to pay for a currency or instrument while ask refers to the price that seller offers for the product (as mentioned above). The combination of bid and ask forms a quotation. The difference between the bid and ask price is called spread.