📖 Financial Lexicon Term
What is Ask Price?
The price at which a broker will sell a currency pair. Also known as the offer price. It is always higher than the bid price.
Detailed Explanation
The Ask Price represents the market price at which a trader can execute a buy order. When you go long on a currency pair, your entry price will be filled at the current Ask. The Ask price is always the higher number in a bid/ask quote, and it aggregates liquidity from the broker's underlying providers.
💡 Practical Trading Example
If the EUR/USD is quoted as 1.0850 / 1.0852, the ask price is 1.0852. Buying 1 lot of EUR/USD will fill your entry at 1.0852.