In Forex and CFD trading, the ask and bid prices represent the prices at which you can buy or sell an instrument:
- Ask Price: The price at which you can buy an asset. It is usually slightly higher than the bid price.
- Bid Price: The price at which you can sell an asset. It is usually slightly lower than the ask price.
The difference between the ask and bid prices is called the spread, which is one of the main trading costs. Understanding these prices helps you know at what level your trades will be executed.
