As you know Forex brokers make money when you take a position.
They charge you some pips when you buy a currency pair.
This number of pips that brokers charge when you buy currency pairs is called spread.
Brokers offer different spreads for different currency pairs. Spread is not the only way that Forex brokers make money. It is one of the ways that Market maker Forex brokers make money.
They also make money through swap. Market maker brokers who pretend to be ECN/STP make money through commission as well…
Read in this eBook how Forex brokers hunt stop loss and how you can protect yourself against them…
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