First AI chart analysis freeTry itFirst AI chart analysis freeTry itFree analysis usedGo ProUnlimited AI chart analysisGo ProUnlimited AI chart analysisOpen
Orders & Execution

Ask

Beginner

Also calledoffer

The lowest price a seller will accept right now. You buy at the ask.

What it means

When you buy at market, you pay the best ask, which is always a little above the bid.

In practice

The ask is where a market buy order fills and where a sell limit order waits. If you want to buy without paying the spread, you place a buy limit at or below the bid and wait for a seller to come to you.

On many platforms the chart is drawn from bid prices or last traded prices. That matters for short trades: a short is closed by buying at the ask, which is higher than the price the chart shows.

What to watch for

A stop on a short position can be triggered when the spread widens, even though the chart never printed that price. Leave room for the spread when placing stops above a level.

Entrix Academy

Learn these terms step by step, one lesson free

Entrix Academy is the trading course inside EntrixAlgo. It teaches the ideas in this glossary with interactive lessons, practice and a final exam. It is part of Pro, and a free account opens one lesson of your choice.

  • 129 lessons, start anywhere
  • Practice on every lesson
  • Final exam and certificate