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Forex Ask price – the price for buying the instrument


Ask is the price at which you buy a certain quantity of a financial instrument from the bank. A bank, respectively, sells this instrument to you at this price. Trading on the Forex market, you will see this type of price everywhere from the trading terminal, to exchange reports and analytical articles on the financial markets.

EUR/USD = 1,3915/1,3920

Ask price or offer price in this case is the second price, which is greater in value in the currency pair. This is the price at which you buy a certain amount of base currency in a particular currency pair. For example, if you open the deal to buy, then the transaction will be carried out exactly at the Ask price, which offers you a bank to buy the base currency. In addition, the Ask price is used when closing deals, previously opened for sale.

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