Pips and Spreads

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

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

Hi, Thanks a lot daydreamer for your useful comment.:13:

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 :slight_smile: its like their way of earning :smiley:

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 :frowning: