Quote
The final price an asset trades for when a transaction completes. Before processing, the price is listed as a bid quote, which may change before the transaction is finalised.
Related terms
Bid Price
The price at which a dealer will buy a currency. In a currency pair quote it is the lower of the two prices, representing what a seller receives when selling the base currency.
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The price at which a dealer is willing to sell a currency, also called the offer. In a currency pair quote it is the higher of the two prices, representing what a buyer must pay to purchase the base currency.
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When both a bid and an offer rate are quoted for an FX transaction.
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Aggressive
A description of traders and/or price action acting with conviction.
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The simultaneous buying and selling of the same currency in different markets to profit from small price differences. The strategy exploits temporary inefficiencies in FX markets.
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An instruction given to a dealer to buy or sell at the best rate that can be obtained at a specific time.
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An instruction given to a dealer to buy or sell at a specific price or better.
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A third party coordinating the sale of financial securities between sellers and buyers. Exchanges only accept orders from their members, so traders and investors use brokers as intermediaries; brokers are compensated through commissions, fees or payment from the exchange.
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Traders who expect prices to rise and who may be holding long positions.
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