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Forex question What is the spread, why is it needed?
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Question by: Henry - 04 Nov 2016, 08:23:34
What is the spread, why is it needed?
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Answer by: Jeremy - 04 Nov 2016, 08:35:20

There are always two prices in the market: sell price Bid and the buy price Ask. Bid is always lower than Ask. The difference between the buy and sell prices is called spread - a traditional commission for the transaction in any financial market.

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