low spread brokers forex

If you’re a forex trader, then you know that one of the most important factors in your success is finding a low spread broker. With the right broker, you can trade with confidence, knowing that you’re getting the best possible price on your trades. But with so many brokers out there, how can you find the best one for you?The first step is to understand what a “spread” is. Simply put, it’s the difference between the bid and ask price of a currency pair. The bid price is the price at which you can buy a currency, while the ask price is the price at which you can sell it. The spread is usually expressed in pips, which is the smallest unit of change in a currency pair.Most brokers will quote you a two-sided spread, meaning that they’ll give you both the bid and ask price. However, some brokers will only quote you one side of the spread (usually the bid price), and they’ll charge you a commission based on the size of your trade. These types of brokers are called “No Commission/ECN” brokers.Once you understand what spreads are and how they work, you can start shopping around for low spread brokers. There are many ways to compare them, but one of the most important factors to look at is their spreads on major currency pairs. The majors are EUR/USD, GBP/USD, USD/JPY, USD/CHF,