The concept
The is a transaction cost paid on every round trip. Frequent trading multiplies it.
Why it matters
Small costs compound. Ten trades a day with a 0.30 spread add up quickly relative to small targets.
How markets interpret it
Spreads widen around news, rollovers, and illiquid hours.
Key takeaways
- Spread is paid on every trade.
- More trades = more cost.
Knowledge check
'Zero commission' platforms…
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