9. Cost of trading - nothing in the trading world comes for free. Most retail brokers tout that they have no commission trading. This doesn't mean that it doesn't cost you anything to enter and exit a trade. The price you are paying to place your trade is the difference between the bid and the ask prices: the spread.
ECN brokers do have commissions that must be paid each time you put on or take off a trade. Tighter spreads on ECN platforms generally allow them to still remain competitive against retail brokers.
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