IC Markets
3:09
2:39
2:10
2:18
3:43
8:42
How to Read a Forex Quote
2:50 · 8 chapters · Forex lessons, part 40
What you'll learn
Every forex quote is one currency priced in another. Here's how to read base, quote, bid, ask and spread in under 3 minutes.
Go further with our written guide on this topic, browse all the free Learn Forex lessons, or check today's market in our forex news.
- Key point 1
- What the base and quote currency mean in a pair
- Key point 2
- How to read the bid, the ask and the spread
- Key point 3
- The difference between majors, minors and exotics
- Key point 4
- Direct and indirect quotes in plain words
- Key point 5
- What moves forex quotes: rates, the economy and market mood
Rules and limits from regulators and official sources; every price, account and chart in the video is an example. Education, not financial advice.
More forex lessons
The video is presented by an animated host with a computer-generated voice; the research and checks are by the FX Recap team. Risk warning: forex and CFD trading carries a high risk of losing money because of leverage, and most retail accounts lose money. This is education and review, not financial advice. FX Recap may earn a commission from some broker links; see our affiliate disclosure.