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 👉
https://youtu.be/_lmqkwqaNKU
Class 02 ✍️
What is Forex Trading 👉
https://youtu.be/_DWXAnXmmF0
Class 03 ✍️
What is required for Trading 👉
https://youtu.be/CLBS_N5ioTI
Class 04 ✍️
Forex Trading Basic Concept 👉
https://youtu.be/m57J1g0v4qw
Class 04 ✍️
Forex Broker Types 👉
https://youtu.be/6X1YD2fAzF4
Class 05 ✍️
Currency Pair Types 👉
https://youtu.be/kM2r7lGnH08
Class 06 ✍️
Pips and Pipettes 👉
https://youtu.be/ZmkYY8r7jjc
Class 07 ✍️
Equity - Leverage- Margin 👉
https://youtu.be/je4rnsfEph4
Class 08 ✍️
Lot and Leverage 👉
https://youtu.be/RjJ8c106UJ8
-----------------------------------------------------------
Some Trusted Broker link 💝
------------------------------------------------------------
Best Broker👉 https://one.exnesstrack.com/a/st7gou38
ECN Broker 👉 https://icmarkets.com/?camp=37757
OctaFx 👉 https://octafx.page.link/13RE
SPOT 👉 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] 👉 https://t.me/SahedSani
Telegram Group 👉 https://t.me/SahedTubePro
E-Mail 🔴 admin@sahedtube.com
WEB 🔴 www.sahedtube.com
------------------------------------------------------------
Follow Me: 👉
https://www.youtube.com/SahedTube
https://www.facebook.com/SahedTube
https://twitter.com/sahedtube
Web 👉 https://www.sahedtube.com
Telegram 👉 https://t.me/SahedTubePro
