I’m studying the lesson “Choosing a Forex Broker” (Pre-school). In the Broker Policies, there is a part said that"
Transaction costs are calculated in pips. The lower the number of pips required per trade by the broker, the greater the profit that the trader makes. Comparing pip spreads of half dozen brokers will reveal different transaction costs. [B]For example, the bid/ask spread for EUR/USD is usually 3 pips, but if you can find 2 pips, that�s even better[/B].”
[B]Can you give me a detailed example and explanation to see that the bid/ask spread for EUR/USD is 2 pips better than 3 pips?[/B]