What is Forex Quotes mean ?

Forex Quotes is the buying value and selling value of a currency pair. The forex quote consists of the price of 2 prices, a lower price (Bid) and a higher price (Ask / Offer).

The bid is the price you sell to the forex broker or the price at which the forex broker wants to buy from you. While Ask is the price you buy from the broker or the price at which the broker wants to sell to you. The bid is generally lower than Ask.

The difference between the Bid and Ask prices is Spread. The smaller the spread the more profitable the trader.
Please remember :

If you open a Buy position, it means that you open a position at the asking price, and then it will be closed (close/liquid and including stop loss and profit target) using the bid price.
If you open a Sell position, it means you open a position with a bid price, and then later it will be closed (close/liquid and also includes stop loss and profit target) using the asking price.

Conclusion:
Open Position Close (TP * / SL **)

Buy (Long) Bid Price Bid Price

Sell ​​(Short) Bid Price Ask Price

via: forexprofitlk.blogspot.com