A spread is the difference between a currency pair’s bid (selling) price and ask (buying) price. For example, if EUR/USD has a bid price of 1.1000 and an ask price of 1.1002, the spread is 2 pips.
Spreads are essentially the cost of trading and vary depending on the broker and market conditions. Tight spreads are preferable, especially for day traders and scalpers who make frequent trades.
Spreads are essentially the cost of trading and vary depending on the broker and market conditions. Tight spreads are preferable, especially for day traders and scalpers who make frequent trades.
