Spread and Commission | Class-09 | Forex Trading For Beginners

In this class we will learn about Spread and Commission Spread: The spread is the difference between the bid price and the ask price of a currency pair. The bid price is the price at which you can sell the base currency, while the ask price is the price at which you can buy the base currency. The spread represents the broker's profit margin. For example, if the EUR/USD currency pair has a bid price of 1.2000 and an ask price of 1.2005, the spread would be 5 pips (the difference between 1.2000 and 1.2005). The spread can vary depending on market conditions and the broker's policies. Commission: Some brokers charge a commission on each trade, in addition to the spread. This commission can be a fixed amount per trade or a percentage of the trade size. For example, a broker might charge $5 per standard lot traded. Commission-based pricing structures are more common in ECN (Electronic Communication Network) and STP (Straight Through Processing) brokers. When choosing a broker for forex trading, it's essential to consider both the spread and commission, as they can significantly impact your trading costs. Some brokers offer tight spreads but charge higher commissions, while others may have wider spreads but lower or no commissions. Traders often weigh these factors along with other considerations such as trading platform quality, regulation, and customer service when selecting a broker. #trading #forextrading #forextradingbeginners Class 01 ✍️ Forex Trading For Beginners ๐Ÿ‘‰ https://youtu.be/_lmqkwqaNKU Class 02 ✍️ What is Forex Trading ๐Ÿ‘‰ https://youtu.be/_DWXAnXmmF0 Class 03 ✍️ What is required for Trading ๐Ÿ‘‰ https://youtu.be/CLBS_N5ioTI Class 04 ✍️ Forex Trading Basic Concept ๐Ÿ‘‰ https://youtu.be/m57J1g0v4qw Class 04 ✍️ Forex Broker Types ๐Ÿ‘‰ https://youtu.be/6X1YD2fAzF4 Class 05 ✍️ Currency Pair Types ๐Ÿ‘‰ https://youtu.be/kM2r7lGnH08 Class 06 ✍️ Pips and Pipettes ๐Ÿ‘‰ https://youtu.be/ZmkYY8r7jjc Class 07 ✍️ Equity - Leverage- Margin ๐Ÿ‘‰ https://youtu.be/je4rnsfEph4 Class 08 ✍️ Lot and Leverage ๐Ÿ‘‰ https://youtu.be/RjJ8c106UJ8 ----------------------------------------------------------- Some Trusted Broker link ๐Ÿ’ ------------------------------------------------------------ Best Broker๐Ÿ‘‰ https://one.exnesstrack.com/a/st7gou38 ECN Broker ๐Ÿ‘‰ https://icmarkets.com/?camp=37757 OctaFx ๐Ÿ‘‰ https://octafx.page.link/13RE SPOT ๐Ÿ‘‰ https://shorturl.at/uyN79 I don't have the ability to predict future financial market movements. I can only give my opinion based on technical analysis estimates. The forex market is influenced by a variety of factors such as interest rates, economic data releases, geopolitical events, and other market sentiment, which can make predictions uncertain. It's always advisable to conduct thorough research and consult with a financial advisor before making investment decisions. ------------------------------------------------------------ Sahed Sani Owner of SahedTube Forex Expert and Consultant ----------------------------------------------------------- Telegram [PM] ๐Ÿ‘‰ https://t.me/SahedSani Telegram Group ๐Ÿ‘‰ https://t.me/SahedTubePro E-Mail ๐Ÿ”ด admin@sahedtube.com WEB ๐Ÿ”ด www.sahedtube.com ------------------------------------------------------------ Follow Me: ๐Ÿ‘‰ https://www.youtube.com/SahedTube https://www.facebook.com/SahedTube https://twitter.com/sahedtube Web ๐Ÿ‘‰ https://www.sahedtube.com Telegram ๐Ÿ‘‰ https://t.me/SahedTubePro
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