What is the significance of the bid/ask spread in forex trading?

[Jaime83]

pardon me im new

 

[JamesMorg76]

The bid/ask spread represents the difference between the buying (bid) and selling (ask) price of a currency pair. It is the cost of entering a trade and acts as a source of profit for brokers.

 

[TradingKnowledge]

pardon me im new

yeah As he said, it's basically it. But this ain't the right thread buddy, watch out cheers