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Spreads

With forex trading, forex brokers normally do not charge traders any commissions for their services. Instead, what they earn from you is a “spread”. The spread is the difference between the Bid (Buying) and Offer (Selling) prices. For example, if a broker offers the EUR/USD with the Bid price at 1.2000 and Offer price at 1.197, this means the spread is 3 pips.