Beginner’s Guide to Low-Spread Brokers & Forex Trading Spreads: Maximize Your Profits

Did you know the spread is the biggest cost factor in forex trading? No one becomes profitable if he never understands the difference between the bid and ask prices. The forex trade is also impacted by news events, weekends, or low liquidity hours. All of them contribute to the increasing cost of forex trading. Are you scalpers and day traders? If you are not paying special attention to spreads, your profit is eroded by widening gaps.

Another thing you should consider before forex trading is to avoid floating spreads; these are always harder to plan accurately. In addition, the less liquid currency pairs are more expensive to trade.

Whenever you are performing forex trading, always seek a spread that is visible and upfront so you can calculate your costs before entering a trade. Moreover, your spread does not require extra commissions per trade. Let’s explore the best forex pairs with stable costs and huge profits.

EUR/USD (Euro/US Dollar)

This trading pair always has the lowest cost and high liquidity. Many platforms provide this spread with 0 pips. In addition, you are always profitable because both currencies are in high demand.

USD/JPY (US Dollar/Japanese Yen)

This pair is well known for its tight spreads. Major platforms provide this pair with 0.7 pips, like Forex.com and CMC Markets.

GBP/USD (British Pound/US Dollar)

This pair spread is less costly than the previous two major platforms. Most often this pair is available with 0.9 pips; you can trade this pair on Pepperstone and Saxo Bank.

USD/CHF (US Dollar/Swiss Franc)

This pair is also much more costly and major platforms offer this pair with 1.0 pip, such as ThinkMarkets and FXCM.

AUD/USD (Australian Dollar/US Dollar)

This pair is less costly and you can trade this pair on the AvaTrade and Plus500 platforms with 0.8 pips.