Quote currency
The second currency in a pair, and the one the price is expressed in. Profit and loss on a trade is first calculated in the quote currency.
Related terms
Base currency
The first currency in a pair. In GBP/USD it is the pound. Buying…
Pip value
The money gained or lost when price moves one pip for a given…
Currency pair
Two currencies quoted against each other, such as EUR/USD. The…
Account currency
The currency your trading account is held in. Profits, losses and…
Ask
The price at which the market will sell to you, so it is the price…
Bid
The price at which the market will buy from you, so it is the…