Spread is the difference between the bid (selling) price and the ask (buying) price of a trading instrument. It's measured in pips. A narrower spread in forex trading means lower costs for traders.
Types of Spread:
1) Dynamic Spread: Constantly changes based on market volatility.
2) Stable Spread: Fixed most of the time, providing predictable trading costs.
Factors Affecting Spread:
• Market volatility
• News releases
• Economic events
• Market opening or closing
• Checking the Spread in Forex on MT5:
To View the Spread on Android Mobile/iOS:
• Log in to MT5.
• Open the Market Watch window.
• Tap on the three dots and select 'Spread' to view the spread.
To View the Spread on Windows/Mac:
• Log in to MT5.
• Find the Market Watch window.
• Right-click anywhere, select 'Columns', then 'Spread'. A column will display the exact spread.
For better visualization, please refer to the following GIF:
