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What is a spread in the forex market? Account Types in Forex

What is a spread in forex?

Always Bid price is low and Ask price is high. The difference between Bid price and Ask price is called spread. The broker owns the difference between the bid price and the ask price. For example: Bid price in EURUSD pair is 1.1821 and Ask price is 1.1822 ➤ The owner of this one pips here is the broker. Brokers are involved because:

1. The broker gives you leverage.

2. The broker allows you to use the terminal.

3. There are many brokers who offer free deposits and withdrawals at no charge.


Brokers take spreads for these reasons and many more. Brokers do not earn from ads placement or product promotion, so this is the only source of income for almost all brokers. Different pairs have different spreads. Spread is the commission fixed by the broker.


Types of Forex accounts:

There are generally three types of accounts in Forex. Namely:


1. Sant Accounf or Micro Account ➤ First Level ➤ 6 months profit gain repeatedly

2. Mini Account ➤ Second Level ➤ 6 months profit gain repeatedly

3. Standard Account ➤ Third Level ➤ 6 months profit gain repeatedly


As a demo trader the key is how many pips you can earn. It doesn't matter how many dollars you earn.


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