The aforementioned high volume and liquidity brought to high competition between trade vendors. Intense competition lowered the spreads between selling and buying prices. These spreads, or margins, is the cost of the deals, and the profits of the trading agencies. The cost is one of the lowest in the international financial markets, compared to the size of the deals. A well traded currency like the US dollar, Euro or the Japanese Yen, will have very low spreads, while less traded currencies, such as the South African Rand or the Hungarian Forint, will usually suffer from a higher spread. For major currency pairs, the spread would be about 3 to 5 pips. It can sometimes be lower, but it’s impotant to notice the agreement with the trading agency: additional costs can be imposed in such cases. These low spreads, fueled by the high competition, draw many people into Forex trading. These spreads are much lower than spreads that we usually meet when buying foreign currency – cash money. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Basics & IndustryForex Basics share Read Next Globalization without Geography Yohay Elam 15 years The aforementioned high volume and liquidity brought to high competition between trade vendors. Intense competition lowered the spreads between selling and buying prices. These spreads, or margins, is the cost of the deals, and the profits of the trading agencies. The cost is one of the lowest in the international financial markets, compared to the size of the deals. A well traded currency like the US dollar, Euro or the Japanese Yen, will have very low spreads, while less traded currencies, such as the South African Rand or the Hungarian Forint, will usually suffer from a higher spread. For major… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.