Forex Spread Calculator

Fixed spread accounts typically do not charge commissions, as the spread is already fixed. These accounts are popular among beginners still learning the ropes of trading.

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Scalping should only be used on an account with low spreads. If the EUR/USD bid price is 1.19610 and the ask price is 1.19620, then the spread of that pair is 1 pip, about 10 percent of a scalper's profit target if they intend to gain only 10 pips each trade.

If you aim for a few hundred or a thousand pips, one pip may seem minuscule. But that one pip can be a huge part of your trade if you only aim for 10-20 pips.

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A Raw Spread Account is a type of trading account that offers low or zero spreads. In this account, there is little to no difference between the market price of a currency pair and the price quoted by the broker. When opening a position, your price closely matches the prevailing market price. It is also often called an ECN (Electronic Communications Network) account.

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A modest commission is charged on each trade in a Raw Spread Account since brokers earn less from minimal spreads. In Standard Accounts, brokers generally do not charge a commission, as their profits are primarily generated from market price spreads. 

Continue Reading at Raw Spread Account Explained