"Ask" is the price sellers are asking for their commodity. "Bid" is the price buyers are willing to pay.
Selling at a price equal to or lower than the bid price or buying at a price equal to or higher than the ask price.
The bid is the price that the buyers are willing to pay. The ask is the price that the sellers are willing to pay.
"Ask" on the gold market refers to the price at which sellers are willing to sell their gold. It is the opposite of the "bid" price, which is the price buyers are willing to pay. The ask price is typically higher than the bid price due to the bid-ask spread, which represents the profit margin for market makers.
Bid is the highest price someone is offering to buy the securities for at a given point in time. Ask is the lowest price someone is offering to sell the securities for at a given point in time. When placing a trade you would typically be buying at the ask price and selling for the bid price.
The bid-ask spread is the difference between the bid price (the amount of money you get when you sell) and the ask price (the amount of money it costs to buy). Since the ask price is higher than the bid price, it costs you more money to buy the asset than you would receive should you be selling the same asset. This spread is the price (along with a commission) for making the trade.
Bid: The price a buyer is willing to pay for a security or goods (Currency pair)Ask: asking price, or simply ask, is a price a seller of a good is willing to accept for that particular security or goods
mema
means that the markets closed... Wait till they open again
The bid price is the price that someone is willing to pay for that stock, the ask price is what someone is willing to sell that stock for. If the stock is up to $1, for example, when you buy it the lowest someone is willing to sell it for could be $1.01, and someone else may be willing to buy it at $.99.
At this moment the bid price is $15.86 and ask price is $15.91 per troy ounce.
Locational arbitrage is possible when a bank's buying price (bid price) is higher than another bank's selling price (ask price) for the same currency.