Every trading instrument has two prices: a buy (ask) price and a sell (bid) price. The difference between these two prices is known as the spread, which includes the commission charged per trade.
When you open a position, the rate you see reflects the price at which the trade would be closed.
- If you open a buy trade, it starts at the buy price and would close at the sell price.
- If you open a sell trade, it starts at the sell price and would close at the buy price.
Because of this pricing difference, your trade will display a small loss immediately after opening — this reflects the spread.