Spread is the difference between the price the market maker is willing to pay for a currency and the price the market maker is willing to accept at a certain period of time. The spread is the difference between the bid and the ask prices of a currency. For example , if the bid price of usd/chf is 1.2212 and the ask price of usd/chf is 1.2215 at 10:30 a.m, then the spread equals to three PIPS. It is necessary to take spread into consideration while developing a trading strategy as different currencies have different spreads.
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ReplyDeleteUsing Intraday SGX Signals with 20 pips seems to be more profitable for me and is less riskier too.
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