What is the bid and ask price?

Ask price, also referred to as the “offer” or “selling” price, is the cost at which you can acquire a financial instrument (such as a currency pair or stock). It denotes the price at which the market, or your broker, is prepared to sell you the asset to you.
Bid Price is the amount for which you can sell a financial instrument to the market or your broker. It denotes the price at which the market, or your broker, is willing to buy the asset from you.
The disparity between the ask price and bid price is recognized as the “spread”. In our trading environment, while simulated, it accurately mirrors live market conditions.