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Firstly, let's define commissions and spreads. **Commissions** are fees charged by the broker for executing your trades. Some brokers charge a fixed commission per trade, while others charge a percentage of the trade value. **Spreads**, on the other hand, are the differences between the buying (ask) and selling (bid) prices of an asset. The wider the spread, the more you have to pay to enter and exit a trade. These two factors can significantly affect your profitability, especially if you're a high-volume trader or a scalper (someone who makes frequent, short-term trades).
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