In the forex market, A good spread is like finding a bargain while shopping. It's the difference between a currency pair's buying and selling price. A narrower spread is generally better because it means you're paying less to enter a trade.

Think of it as the cost of doing business in the forex market. Smaller spreads save you money, especially if you're making frequent trades. Major currency pairs like EUR/USD tend to have tighter spreads because they're heavily traded, while exotic pairs might have wider spreads due to lower liquidity.

See also: Why Are Exotic Currency Pairs Too Risky For Beginner Forex Traders?

So, when choosing a forex broker, please pay attention to their spreads. It's one of the factors that can impact your trading profitability. A good spread can help you get more value out of your trades and reduce your overall trading costs.

See also: Why Do Currency Spreads Widen Or Narrow In Forex?

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