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In the forex market, a quote refers to the current market price of a currency pair. The quote displays two prices, the bid price and the ask price. The bid price is the highest price that a buyer is willing to pay for the currency pair, while the ask price is the lowest price that a seller is willing to accept. The difference between the bid and ask prices is called the spread, which is how forex brokers make their profit. For example, if the quote for the EUR/USD currency pair is 1.1800/1.1802, the bid price is 1.1800 and the ask price is 1.1802.

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