What is Ask Price & Bid Price?
The ask price, commonly called the ‘offer,’ is the lowest figure at which a seller will sell an item, whether it’s a stock, security, or product. Typically, this price falls below the bid price, which signifies the highest amount a purchaser is ready to pay for that asset.
Understanding Ask Price
For a transaction to occur, both the buyer and the seller need to agree on a price, which usually falls somewhere between the ask and bid prices. The disparity between these two prices is known as the ‘spread’ and is an essential metric indicating the liquidity of an asset.
Disclaimer
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