Highlights
📊 All Markets
💻 MetaTrader 4
🔓 Unlimited
🖍 Tracks Real-Time Data
♻️ Assets: All
⏰ Timeframes: All
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Description
SPREAD indicator for MetaTrader 4 (MT4) is a tool that shows the difference between the bid price and ask price of a currency pair in real-time. The bid price is the price at which a trader can sell a currency pair, while the ask price is the price at which they can buy it.
The SPREAD indicator can be used to monitor the spread of a currency pair and to make informed decisions about when to enter or exit trades. A low spread is generally considered to be better for traders because it means they can buy and sell at prices closer to each other, reducing the cost of the trade. Conversely, a high spread can make trading more expensive, as the difference between the bid and ask prices is greater.
By monitoring the SPREAD indicator in MT4, traders can get a better understanding of the market conditions they are trading in and adjust their strategies accordingly. Some traders also use the spread indicator as a way to assess the quality of their broker's services, as wider spreads can be an indication of poor liquidity or execution.
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