Quote

Quote is the last price at which the trade took place. This is the price that the buyer and the seller agree to trade at that price. thus, creating a trading transaction. and is usually the current market price.

In general, the price on the chart is usually the price of the buyer’s side (Bid Quote), which is the latest price that can be traded immediately.

In the Forex market, when referring to a quote, it refers to the price quoted from one currency to another. We do not buy or sell a single currency. Instead, we are trading a currency pair that is made by taking two currencies as opposites in order to generate a quote.

For example, GBP/USD = 1.37926 $ means that 1 pound is equal to 1.37926 US dollars, so if you want to buy 1 pounds by using US dollars, 1.37926 dollars is required.