"As a retail trader, you buy at the ask (higher) price, and sell at the bid (lower) price. The difference between the bid and ask price is the 'spread'.
When you close a buy position (whether manually, or by price reaching your SL or TP), you are effectively selling; and when you close a sell position, you're effectively buying.
Hence you effectively pay the spread cost once, per roundtrip trade (from opening the position, to closing the position"
When you close a buy position (whether manually, or by price reaching your SL or TP), you are effectively selling; and when you close a sell position, you're effectively buying.
Hence you effectively pay the spread cost once, per roundtrip trade (from opening the position, to closing the position"
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