by UggBoy♥UggGirl
Unlike a stock market, the foreign exchange market is divided into levels of access. At the top is the inter-bank market, which is comprises the largest commercial banks and securities dealers. Within the inter-bank market, spreads, which are the difference between the bids and ask prices, are razor sharp and not known to players out of the inner circle. The difference between the bid and ask prices broadens (for example from 0-1 pip to 1-2 pips for a currencies such as
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