A spread is the difference between the bid price and the ask price. However, one should always have in mind that losses can be magnified as well. Micro and, mini accounts that let you trade with as little. Read reviews but be careful. You can realistically continue to try different Forex brokers for many months before opening a real account. Access to trading 24/5 from anywhere. Your gains and losses will either add to the account or deduct from its value.
High leverage is required to meaningfully profit from small fluctuations in exchange rates. The spread charged for a position opened by a trader is the spread multiplied by the size of the position. The bid is the best price at which you are willing to sell your" currency on the market. What matters is to continue doing your research and sticking with your strategy. Reports on a country's GDP, for instance, or reports about other economic factors like employment and inflation, will have an effect on the value of the country's currency. What is, forex, trading? 2 4 Learn how to calculate profits.