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Forex Spreads is a forex market terminology which refers to the amount of percentage in point between the selling and buying price of a currency. It is also known as the lowest Forex spread. It is the Forex spreads that allow the Forex traders to make money though trading of currencies. For example, the selling price of a currency is 40 and buying price is 42, the Forex spreads would be 2. Forex spread has two ends; you get one end of the spread when you buy and when you sell you get the other end. Depending on size and client base, different Forex brokers offer different Forex spreads.
How forex spreads are calculated?
In the forex markets investors trade one currency for another and the currencies are quoted in terms of their price to another currency i.e. base currency and quoted or counter currency. The forex currencies are quoted in pairs such as USD/CAD). Fore example, if it takes C$1.20 to buy US$1, here, US dollar would be the base currency and the CAD would be the counter currency.
- Using our knowledge, experience and skills, we provide our clients with technical analysis and expert opinion to trade currencies and make money online
- We quote major foreign exchange currency pairs to five decimal places on out trading system