Spread

The spread is the permanent gap between what buyers will pay and what sellers will accept. It always exists, it varies by pair, session, and broker, and it is not a commission your broker invented. It is a fundamental feature of how markets work. Every time you trade, you start with this gap working against you — the market must move in your favor by at least the spread before you break even. Understanding the spread changes how you think about tight ranges, precise entries, and why a trade that looked right on the chart can feel like it started behind.