Forex is one of the most popular financial markets as it is active five days a week, 24 hours a day, and has high liquidity. Due to its up-and-running nature, traders must be cautious, alert, and aware of the volatility of trading costs, including the spread. The spread is the difference between the bid price and the asking price. It is also known as the bid/ask spread.
Many traders often wonder about the importance of spread in forex and whether the spread matters in forex while trading. The answer to this question is yes; it does matter.
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