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Understanding a Forex quote may be a bit confusing for a new trader. In time it does become quite simple. You need to remember a couple of things. The first currency quoted is what is called the base currency and the value of that currency is always 1.fap turbo When trading Forex, there is quoted a 2-sided buying price and a 2-sided selling price. The difference between the buy and sell price is the spread. When you see a two-sided quote it consists of a ‘bid’ and ‘ask’ price. A bid price is the selling price of the base currency at the same time as you buy the counter currency.