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The spread is the difference between the bid (sell) and ask (buy) price of a currency pair. It represents the broker’s primary cost to you for executing a trade. Tighter spreads mean lower trading costs, making it easier to reach profitability on a trade.
Answer
The spread is the difference between the bid (sell) and ask (buy) price of a currency pair. It represents the broker’s primary cost to you for executing a trade. Tighter spreads mean lower trading costs, making it easier to reach profitability on a trade.
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