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The spread is the difference between the ask price, the price you buy at, and the bid price, the price you sell at. The ask is always the higher of the two. The spread is a cost on every trade: a position bought at the ask and closed straight away at the bid loses the spread, so the narrower it is, the less you pay. Spreads can be fixed or variable; variable spreads move with market conditions and are typical of STP/ECN execution. Spreads at GCC Brokers are variable; typical spreads per account are published as last month's averages.
EUR/USD is quoted at 1.1050 (bid) / 1.1052 (ask). The spread is 2 pips. When you buy, you pay the ask (1.1052) and close by selling at the bid, so the bid has to rise 2 pips, to 1.1052, before the trade breaks even.
