Two-Way Quote in Forex
A clear definition of Two-Way Quote, with practical context for reading markets and making better trading decisions.
Definition
Definition
A two-way quote is a quotation containing both a bid and an offer or ask. It lets the user see the available sell side and buy side at the same time.
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 two-way quote is a quotation containing both a bid and an offer or ask.
Practical forex example
Why Two-Way Quote matters
Understanding Two-Way Quote helps traders interpret market information, plan decisions, and manage risk with more context.
Related forex terms
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