What is the ‘Bid’ and ‘Ask’?
The Bid price, is the price at which is you are able to sell. The Ask price, is the price at which you are able to buy. For example: EUR/USD is traded with a price of “1.3644/47”. The bid is the first of the two prices (“1.3644”); USD can be bought and EUR sold at this exchange rate. The ask (buy) is the second price (“1.3647”); EUR can be bought and USD sold at this exchange rate.