Forex quotes is term that can be heard frequently in everyday life, and in a Forex traders work even less so. Its not possible to sell and buy something without Forex quotes, because the income of the trader depends on the Forex prices at the given moment. So, when trading on the Forex market you must to constantly keep tracking the currency quotes, thats why every trader has to clearly understand what the numbers mean and for what they are used.
The price of a particular currency at a certain time is the simplest definition of the Forex quote. (more…)