Firm Quote in Forex
A clear definition of Firm Quote, with practical context for reading markets and making better trading decisions.
Definition
Definition
A firm quote is a price quotation that the quoting party is prepared to trade at for the stated or agreed conditions, such as size and validity. It differs from an indicative quote, which is supplied mainly as a reference.
How It Works
Electronic markets separate the price you see, the instruction you send, and the final execution you receive. Available liquidity, order type, venue rules, and market movement can all affect what happens between those steps.
Why It Matters
This vocabulary lets you read a broker or platform screen accurately. The goal at Level 2 is mechanical literacy - knowing what a displayed price, order status, or execution record means - rather than predicting the market.
Key Takeaway
A firm quote is a price quotation that the quoting party is prepared to trade at for the stated or agreed conditions, such as size and validity.
Practical forex example
Why Firm Quote matters
Understanding Firm Quote helps traders interpret market information, plan decisions, and manage risk with more context.
Related forex terms
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