Bid/Ask

Bid/Ask

The bid/ask or the bid/offer is the best quote or price at which you can sell or buy a forex pair correspondingly. It represents the highest price a buyer is willing to pay to buy and the lowest price a seller is willing to receive.

For instance, if the bid/offer on GBP/USD is 1.3520/1.3524, the best price to buy (long) GBP is 1.3524, and the best price at which you can sell (short) is 1.3520.