What does high spread or low spread mean

High spread or low spread refers to the difference between the buy and sell prices of a currency pair in the forex market. A high spread indicates that the forex broker is charging a wider difference between the prices at which they are willing to buy and sell the currency. This can result in higher transaction costs for traders. On the other hand, a low spread indicates that the forex broker is charging a narrower difference between the buy and sell prices. This can result in lower transaction costs for traders. In general, traders prefer low spreads as they can result in more favorable trading conditions and higher profits. However, it's important to note that low spreads may not always be available and may be offered by some brokers as a marketing strategy to attract traders.