<h2>Asked Price (Offered Price)</h2>
<p>The <strong>asked price</strong>, also known as the offered price, is the price at which a seller is willing to sell an asset, such as a currency pair in forex trading. It's one half of the bid-ask spread, the other half being the <strong>bid price</strong>.</p>

<h2>How It Works</h2>
<p>The asked price is determined by the seller, who posts it on the market. It's usually a little higher than the current market price to ensure a profit. When you place a <strong>market order</strong> to buy, your trade will be executed at the best available asked price.</p>
<p>In <strong>MetaTrader 5</strong>, the asked price is displayed in the Market Watch window, under the 'Ask' column. It's updated in real-time, reflecting the current selling pressure in the market.</p>

<h2>Why It Matters for Traders</h2>
<p>The asked price is crucial for traders as it influences the cost of entering a long position. A higher asked price means a more expensive entry point, which could impact your potential profit or loss.</p>
<ul>
  <li>It helps traders identify the <strong>spread</strong>, the difference between the bid and asked prices, which is a key cost in trading.</li>
  <li>It aids in understanding market dynamics. A high asked price might indicate strong selling pressure, while a low one could signal a lack of sellers.</li>
</ul>

<h2>Example</h2>
<p>Consider the EUR/USD pair. The current market price is 1.18500, the bid price is 1.18502, and the asked price is 1.18505. If you place a market buy order, your trade will be executed at 1.18505, incurring a spread cost of 3 pips.</p>

<h2>Key Takeaways</h2>
<ul>
  <li>The asked price is the price at which a seller is willing to sell an asset.</li>
  <li>It's part of the bid-ask spread, which is a key cost in trading.</li>
  <li>It helps traders understand market dynamics and the cost of entering a long position.</li>
</ul>