Quote in Forex
A clear definition of Quote, with practical context for reading markets and making better trading decisions.
Definition
Definition
A quote is a displayed or communicated market price. In forex, a tradable quote commonly contains two prices: a bid for selling the base currency and an ask for buying it.
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 quote is a displayed or communicated market price.
Practical forex example
Why Quote matters
Understanding Quote helps traders interpret market information, plan decisions, and manage risk with more context.
Related forex terms
Turn the definition into trading skill.
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