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Spread is the space between buy and sell. It is the margin of profit for a any exchange company online or in your exchange arround the corner. 

Example for spread: 

Eur/usd 

Buy is 1.1516

rate: 1.1514

Sell is 1.1512

Your buying or selling spread is 2 pips

 

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A flat dollar strands for a fixed dollar amount, usually when peaking of fees or commissions paid for certain services. Contracts and trades that fix flat dollar amounts rather than fees which are percentage-based remove the size of transaction from the fee equation. That is the reason why flat dollar fees may offer brokers and traders advantages when transaction sizes change.

 

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We measure dollar ration against a certain currencies basket. But what is a currency basket? It is a list of the major currencies that shape the behavior of the currency that is measured against it. a basket usually plays a role of a benchmark for the national currency exchange rate.

 

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