Do currency pair spread exist purely for the sake of calculating commission to the broker?
[B]Yes it is.
Spread it actually the Difference between bid and asked price…
Happy Trading:):)[/B]
No.
First of all, the spread is not the same as a commission. A commission is a fee charged to facilitate a transaction.
Second, the bid is where the market is willing to buy. The ask/offer is where the market is willing to sell. The difference between the two is the spread. Every market has a spread, though it’s not always immediately visible.