Big Figure Quote sounds like something important, right? But what does it really mean in Forex trading? 

Have you ever looked at a currency price and wondered why traders care so much about the big numbers in it? 

Why do Forex experts talk about “big figures” like it’s a secret code?

Let’s take you into the world of Forex, where even a small number can make a big difference and where Big Figure Quote plays a major role in understanding price movements. 

If you’re just starting out in Forex and want to learn the simple meaning of this term, then you’re in the right place.

In this guide, you’ll finally discover what a Big Figure Quote is, why traders care about it, and how it can affect your trading decisions.

What is a big figure quote in Forex?

In Forex trading, big figure quote means the main part or larger part of a currency pair’s price is usually the first few digits before the smaller price changes.

Let’s explain with an example:

Let’s say the price of the EUR/USD (Euro to US Dollar) is 1.2540.

At this price:

• The “1.25” is called the Big Figure.
• The “40” is the smaller part, this can change very often.

So, if someone says, “The big figure quote for EUR/USD is 1.25,” they are focusing on the main, big part of the price.

It’s like when you say something costs “₦1000” and you don’t bother mentioning the “₦50” or “₦20” change. You just talk about the big number.

That’s how Big Figure Quote works in Forex.

Why is the big figure quote important in Forex?

Good question!

In Forex, prices move up and down quickly. Traders need to understand the main price level of a currency pair without getting confused by small digits. 

So, instead of saying the full price every time, traders use the Big Figure Quote to save time and stay sharp.

Below is why it matters:

• Speed: In fast trading, every second counts. Using the big figure helps traders act fast.
• Clarity: It helps traders quickly know the price zone they are working with.
• Professional Talk: It’s the language real Forex traders use and if you want to sound smart and be taken seriously, you need to know it too.

How Traders Use Big Figure Quotes in Real Life

Let’s say you’re a trader and the price of GBP/USD is moving around 1.3090 to 1.3110.

A fellow trader might say:

“Cable is holding above the big figure 1.31.”

What they mean is the price is staying higher than 1.3100, and this is a key level they’re watching.

Traders also watch how prices behave around big figures. If a currency breaks above a big figure (like moving from 1.2999 to 1.3000), it might mean something important is happening in the market, maybe buyers are getting stronger.

Forex Terms Related to Big Figure Quote

Let’s look at some simple words traders use around this idea:

• Round Number: Just like big figures, these are whole numbers like 1.30, 1.25, etc. Traders love them!
• Psychological Level: Big figures often feel important to traders, they believe something big could happen at that price.
• Handle: Some traders call the big figure the “handle.” So, 1.30 becomes “the 1.30 handle.”

Conclusion

Big Figure Quote might sound like a fancy Forex term, but now you see how simple it really is. 

It’s just the big number in a currency price, the part that helps traders understand where the market is heading.

If you’re just learning Forex, understanding this term can help you follow market talks, trading videos, and charts more easily. And the more you understand, the better you’ll trade.

So the next time someone says,

“The Euro is near the big figure 1.10,”

You’ll smile and say,

 “I know exactly what that means!”