As we know from theory, the bid price (sell price) represents the maximum price that a buyer is willing to pay for security, for example, the forex pair price. The asking price (buy price) represents the minimum price that a seller is willing to take for that same security. By default, in MT4 and MT5, the bid price (sell price) can be seen, but the asking price usually is not visible.
How to show bid and ask price on MT4?
Traders can show and bid and ask price on MT4 or MT5 chart when press right-click in the chart and select “Properties” (or press F8) and then in Common Tab check “Show ask line” option.
To show the ask price on the MT4 platform, do the following steps:
- Right-click on the chart and select “Properties.”
- In the “Properties” window, click the “Common” tab.
- Check box “Show Ask line” and then click “Ok.”
Bid and ask prices will appear on the MT4 platform chart. When you watch bid and ask difference (spread), you can see that it is not fixed. Spread is changing, and when volatility is high, the spread can be much, much bigger. Important news and volatility can increase the bid and ask difference, wider spread.
How to see the bid line in MT4?
Bid line MT4 is visible by default in any Metatrader platform. On your chart, the bid line can always be seen, and if you need to see the ask price, you need to add using the Chart Properties window, as we explained in this article.
