How are the spreads?
When you enter a trade, you will realise that your trade will start in a negative value even when it is moving in your predicted direction. Another scenario would be at the close of a trade. When you have set a target level for your trade, you will realise that some times it reaches that exact level you have set and fails to close or closes a few pips below or above the target level. why? because of spread. It closes after it has covered the spread fixed on that currency pair.
like a colleague said above, a spread is the difference between the ask price and the bid price.You can take it as a small cost you incur for holding a trade. This ranges from different currency pairs and different conditions in the market at the time you are trading. Some currency pairs have small spreads unlike the others and during release of very important economic news, spreads tend to increase. So as you trade, you can try to explore different currency pairs on a demo account. this will help you to know what to trade, when to trade and which size to use on your trade.
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