Bid Price
The Bid Price is the price that the market is prepared to buy a specific currency pair for on the Forex markets. For the Forex trader this is the ‘sell’ price of the base currency.
Example: In the quote EUR/USD 1.4510/13 the bid price is 1.4510. This means you can sell one Euro for 1.4510 dollars.
Ask Price
The Ask Price is the price that the market is currently prepared to sell a currency pair for in the Forex market. For the Forex trader this is the ‘buy’ price of the base currency.
Example: In the quote EUR/USD 1.4615/18 the ask price is 1.4618. This means you can buy one Euro for 1.4618 dollars.
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