Ask (offer) Price
In forex trading, the ask (offer) price is the price at which a trader can buy a currency pair from a seller in the market. The ask price is always higher than the bid price, which is the price at which a trader can sell a currency pair to a buyer in the market. The difference between the bid and ask price is known as the spread, and it represents the cost of trading in the forex market. The ask price is quoted on the right side of the currency pair, and it is the price that traders must pay to enter a long position in the market. For example, if the EUR/USD currency pair has an ask price of 1.2000, it means that a trader must pay 1.2000 US dollars to buy one euro. The ask price can change rapidly in response to market conditions, and traders must be aware of the current ask price in order to enter and exit trades at the desired price.