Glossary · A
What is Ask (offer)?
The lowest price at which someone is currently willing to sell. You buy at the ask with a market order.
In context
Story A — the push. Impatient buyers arrive and buy everything on offer at 4000.1. Over a few seconds, aggressive buy orders totalling 200 contracts hit the market. The first 60 consume all the sellers at 4000.1, and the rest start filling at 4000.2. The offer at 4000.1 has been "eaten", so the best ask moves up. Price rose because buyers pushed it.
Learn it in depth
- Chapter 0: Trading from Zero: Markets, Gold, CFDs and Futures
- Chapter 2: Why Volume? Price Is the Result
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