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Quote definition
A quote is the current price at which a financial instrument can be bought or sold. In trading it is usually two-sided, showing both a bid price and an ask price.
The bid is the price at which you can sell, and the ask is the price at which you can buy. The ask sits above the bid, and the gap between them is the spread, which forms part of your trading cost. A quote updates continuously as buyers and sellers change the prices they will accept.
A quote is two prices, not one. The single "price" of an instrument usually means the last traded price or the mid-point between bid and ask, while the quote is the live bid and ask you actually trade against. Read the quote before you place an order so you know the price you can sell at, the price you can buy at, and the spread between them.
Quote Example
A stock CFD is quoted at bid USD 50.00 and ask USD 50.10.
You can sell at USD 50.00 or buy at USD 50.10. The spread is:
USD 50.10 - USD 50.00 = USD 0.10
That USD 0.10 is the gap between the bid and the ask, and it is the cost you cross when you open and close at the quoted prices.
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