Forex brokers typically do not charge commissions on losses. Instead, they earn their profits from the bid-ask spread, which is the difference between the buying and selling prices of a currency pair.
The bid price is the price at which you can sell a currency pair, while the asking price is the price at which you can buy the same one. The difference between these two prices is the spread, representing the broker's profit margin.
However, Forex brokers may charge other fees, such as rollover fees, swap fees, or account maintenance fees, which can affect your overall trading costs. Therefore, reading and understanding the broker's fee structure is important before opening an account and placing trades.
The bid price is the price at which you can sell a currency pair, while the asking price is the price at which you can buy the same one. The difference between these two prices is the spread, representing the broker's profit margin.
However, Forex brokers may charge other fees, such as rollover fees, swap fees, or account maintenance fees, which can affect your overall trading costs. Therefore, reading and understanding the broker's fee structure is important before opening an account and placing trades.