Why Finding A Broker With Low Spreads Is Important

Finding a broker with the lowest spreads is very important if you are a trader.  Spreads can range from a pip to over 5 pips or even more!  This means that to make 5 pips, you will actually have to make 10 because you lose 5 on the spread.  This can eat into your profits enormously.  In this example it reduced your profits by 50%. 
Make sure you go with a broker that is going to charge you a low spread or your not going to make any money when you trade.