what is a quote price quotation 
the quote also referred to as the price quotation is the indicative cost upon which the buyer and seller agree for a financial instrument when trading forex and cfds there are two quotes buy ask and sell bid the bid sell quote is the highest price that the broker is willing to sell an asset or security to the trader or the trader to the broker and the buy ask quote is the lowest price that the trader is willing to buy it from the broker or the broker from the trader the buy ask quote is higher than the bid sell quote and the difference between them is known as the spread 