Bid and Ask Definition, How Prices Are Determined, and Example
Elghanian said he was forced to sell for $2 million below his original asking price. Is It Too Low? What Is Reasonable to Offer Below Asking Price? Therefore, it is difficult for traders to generate profits from trading securities. Along with the price, asking for a quote might stipulate the amount of security available for selling at the given price. With the ask quote in the market, there is a bid price, which is the highest price the prospective buyer is willing to pay for purchasing the security. The difference between the ask and bid prices is known as the …