IF a dealer says they have a 2 pip spread, what does that mean? Say the "real" bid/ask, the best bid/ask available to the major banks that do they bulk of trading, is 1.3345 x 1.3347. If a dealer has a 2 pip spread, does this mean if I wanted to buy and sell right away I would be forced to buy at 1.3349 and sell at 1.3343? (=2 pips on each side of the transaction)?
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