Where can I find out the exact spread size?
The size of the spread matters if you are trading using strategies that involve opening a large number of orders.
Or if your trading uses large leverage, because in addition to the volume of opened transactions, it also increases the size of the broker’s commission.
There are also assets for which the size of the spread between different brokers can differ several times, for example, cryptocurrencies or precious metals.
Therefore, it will never be superfluous to know in advance what size of the spread you will have to pay when opening a transaction on a particular asset.
A trader has several options to determine this indicator and then take the resulting value into account when opening trades.
Here you can find out the approximate size of the spread and swap commission for various assets and depending on which account you are trading on.
However, it should be noted that the size will be approximate (average), since the value of the spread is most often floating and depends on the liquidity of the currency pair at the moment.
The second option is a quote on the broker’s website or on the websites of its partners:
These quotes are less informative, but they already indicate the current spread size, as well as the purchase and sale price of the selected currency pair.
Quotes are convenient to use because they are always at hand, just click on the saved link - http://time-forex.com/kotirovki and you already know the real rate and commission at the moment.
The third option is the “Market Watch” window, which is located in the trader’s trading platform:
These quotes are used directly during trading; in addition to the size of the spread, here you can also find out the specifications for the selected instrument - swap, trading time, size of one lot, etc.
The capabilities of the Market Review are described in more detail here - http://time-forex.com/sovet/obzor-rynka
Each of the options described above is used depending on what you want to learn and for what purposes to use it.
If you are comparing the size of the spread for one currency pair from different brokers, then for these purposes it is more convenient to use the contract specifications directly on the brokers’ websites.
If you are simply interested in the current quote and the difference between buying and selling, then online quotes on the site you like are suitable for these purposes.