In trading, the ASK is the lowest price at which a seller is willing to sell an asset in a market.
"Ask" translated to Spanish means "to ask" or "request."
In the context of trading, it is not literally translated, but "Ask" is understood as "selling price" or "requested price," that is, the price at which a seller is willing to sell an asset.
When you see the order book, the ASK is the offer side.
If you want to buy right now, you will pay the available ASK price.
➔ Key:
ASK = selling price.
BID = buying price.
The difference between the two is called SPREAD.
Importance of the Ask price
It is essential for traders, as when buying an asset, the Ask price is generally paid.
A narrow spread (small difference between Bid and Ask) indicates a liquid market, facilitating quick transactions with lower costs.
Understanding the Ask price helps evaluate the entry and exit costs in a trade.