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Bid/Ask Price

The Bid /Ask price is a two-way price quote which shows the best price which an asset can be bought or sold at any particular point of time. In Forex trading, the Bid price is the price which a forex broker is willing to BUY from you. In other words, this is the price that you would get when you SELL a currency pair. On the other hand, the Ask price is the price which a forex broker is willing to sell a currency pair for. In short, this is the price that you get when you BUY a currency pair. An example of a Bid/Ask price of the EUR/USD is 1.3392/1.3395.