What is the Bid-Ask Price in Forex?

The bid price is the price at which a trader can sell the base currency. In contrast, the ask price is the price at which a trader can buy the base currency. To better understand how to read the bid-ask price in Forex, let’s study an example:

• Suppose EUR/USD is quoted as: 1.1050/ 1.1052.

• Now, the Bid = 1.1050. It is the price at which EUR can be sold against USD.
• Ask = 1.1052. It is the price at which EUR can be bought against USD.
• The difference is 2 pips, which is the spread.

So, the bid is the “selling price”, while the ask is the “buying price” from the trader’s perspective.

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