This article has been translated from English to Gen Z Slang.
Okay, so the word "ask" is like the low-key price tag that sellers are chill with accepting for their stuff, you feel me? 🤙
The "ask" price is also what we call the "offer" price, fam.
When we dive into the world of buying and selling financial goodies, the ask price is gonna pop up a lot. 💸
The “ask” price rolls up with the “bid” price in a quote, like peanut butter and jelly hangin' together. 🍞
It's the price where you can snatch up an asset, and heads up, it's usually gonna be a bit pricier than the market vibe.
It's basically the other side of the street from the bid.
When you're dabbling in forex, this is the number you gotta pay to pick up the base currency. 📈
The bid (that’s the price you can yeet an asset away at) is generally lower than the ask (or offer), and the gap between 'em? That’s the spread. 🌌
When the market’s buzzing, that spread? It’s usually tight. But if things get shaky and the market's full of drama, expect that spread to get thicc, showing how spicy trading's gotten. 🌶️
Peep the “ask” price and its squad, the “bid” price and the “spread,” cuz knowing these can totally change how much you’ll spend trading and how phat your gains can be. 💪💰