Posted by Homi .M on 15 February 2021 11:48 AM
Bid price: In forex, bid price is a term used to express the highest price a buyer is willing to pay.
Ask price: In forex, ask price is a term used to express the lowest price a seller is willing to pay.
According to these definitions the bid price is always below the ask price. If we consider a pair, the bid is always the first quoted price and the ask is the second one.