Pips and Spreads

[angelnish]

Hi
Expert if anyone can explain this ?
I know defination of PIP and Spread.
Can anyone explains PIPS to open means in Forex trading and Future trading ?
What is the spread indicate like 3 in Forex Trading ...IS it means difference between buy and sell price ?
If possible a simple example in layman terms will be good.
Thanks

[daydreamer65]

Hi
Expert if anyone can explain this ?
I know defination of PIP and Spread.
Can anyone explains PIPS to open means in Forex trading and Future trading ?
Know nothing about futures but in forex "pips to open" = the spread.
What is the spread indicate like 3 in Forex Trading ...IS it means difference between buy and sell price ?
The difference between the ask & the bid prices.
If possible a simple example in layman terms will be good.
Thanks

Brokers who do not charge a commission receive their charges from
the spread. So pips to open a trade is the spread.

These are my opinions & anyone who doesn't like them can kiss my
shiny metal donkey.

:wishes: daydreamerforex

[angelnish]

Hi, Thanks a lot daydreamer for your useful comment.

Brokers who do not charge a commission receive their charges from
the spread. So pips to open a trade is the spread.

These are my opinions & anyone who doesn't like them can kiss my
shiny metal donkey.

:wishes: daydreamerforex

[jingoy]

the spread is like the amount in pips that the broker takes from you when you open a trade, you will notice that everytime you open a trade it starts negative its like their way of earning

[Dominator4fx]

the spread is like the amount in pips that the broker takes from you when you open a trade, you will notice that everytime you open a trade it starts negative its like their way of earning

For me Spread matters a lot and i want low spreads. Since i am trading in a Big lots usually 1 standard lots so even a 2 pip difference is 20$ for me