Forex trading education - Size Of Spreads
Do you know what the accepted ask/bid spread is for the EUR/USD exchange rate? 3 pips.
So in order to perform a transaction of 100,000 Euros, which is equal to 152,000 USD how much commission must one pay?
If every pip is equal to 10 USD in a transaction of 100,000 Euros, and the spread is 3 pips, we will pay 30 USD in commission - a onetime payment which includes the purchase and the sale.
Whats Next?
* Commissions
Or go back to the education index
So in order to perform a transaction of 100,000 Euros, which is equal to 152,000 USD how much commission must one pay?
If every pip is equal to 10 USD in a transaction of 100,000 Euros, and the spread is 3 pips, we will pay 30 USD in commission - a onetime payment which includes the purchase and the sale.
Whats Next?
* Commissions
Or go back to the education index
