The Bid Price refers to the current market price at which you can sell an asset. It represents the highest price that buyers are willing to pay for the asset in the market at any given time.
The Ask Price, on the other hand, is the price at which you can purchase the asset. It is typically set slightly higher than the bid price by the broker to cover their costs and generate a profit. The difference between the Bid and Ask prices is known as the spread, which is a key factor in the cost of trading.
Bid Price: 1.1000 – This is the price at which you can sell EUR/USD.
Ask Price: 1.1002 – This is the price at which you can buy EUR/USD.