Ask price
Ask price is The price of demand, this is the price at which positions are opened when buying currency (or other market instruments).
Who determines the demand price in the market?
Price ask is determined by the party that quotes exchange rate (bank or dealer) and offers to sell the base currency of the currency pair for the quoted currency.
How do I know the price of ask?
In order to find out the ask price on the market in the MetaTrader 4 terminal, press the "Market Watch" button. In the opened window ask prices for all currency pairs will be displayed in a separate column.
What is the ask price for?
Exchange traders use ask priceWhen acquiring the base currency from the counterparty. In addition, on demand are executed:
- closing sell positions;
- pending BuyLimit and BuyStop orders;
- protective orders for StopLoss sale trades;
- TakeProfit;
- TrallingStop.
The difference between the ask price and at the cost of the bid is called the spread. Its size determines the price at which the trader acquires the desired currency, as well as the amount of profit obtained when trading on the .