What Is A Quote In Forex?

Quote — rate currency, reflects the value of one currency in units of currency at a given time. This is more specific numerical concept of “exchange rate” in Forex trading. The term “rate of exchange” has more an abstract economic character though, and he talks about the price at which the purchase or sale. However the term “quota” tells us about the man’s buying rate and the selling rate at the same time he proposed a trader at a given time.

Odds — what it is and how it defines

Where brokers take quotas?

Market quotas are formed on the basis of supply and demand, i.e. of real proposals of major market participants (brokers — market makers) to buy or sell any of the currency at a given time. The participants of the market, to obtain information and exercise transactions among themselves use information trading platform, “Reuters 3000”; Bloomberg; EBS … Any offer some of the participants that he is willing to buy / sell any of such currencies. EUR 22–24 (1.3522–1,3524) is currently reflecting on the terminals of all brokers.

Each program of technical analysis or terminal for receiving transactions (trading platform) are connected to the server from a broker. When you want to execute the transaction will receive two prices — the purchase price and the selling price. This price also reflects occurrence, and shall be taken into account in the determination of volume and the formation of prints. Except that at that price is not required to conduct a transaction, but the quota is shown and therefore, if the client who requested a quota is not the transaction’s other clients are able to execute. So quotas are given to all clients at the same time and it is not possible to give a special price a particular client.