costs

Navigating the Forex market can be both exciting and lucrative, but understanding the fee structure imposed by Forex brokers is crucial for maximizing your trading profitability. While brokers advertise low spreads and competitive commissions, there are often hidden costs that can erode your gains if not properly accounted for. This article delves into the various fees associated with Forex brokers, helping you make informed decisions and avoid unexpected expenses. 1. Spreads: The Primary Cost of Trading What Are Spreads? Spreads represent the difference between the bid (selling) and ask (buying) prices of a currency pair. They are the primary way…