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What is a good spread in forex?

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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?

Do you find this information about lot size helpful? Feel free to share and ask any more questions you have about forex trading. We're here to help!"

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This topic was modified 8 months ago by Chinedu Chikwem