I have a question about the broker spread.
Let's say the current broker spread is 2, and you entered a position at that point.
You are holding the position, but the spread changed to 5 for some reason.
1) Then what happens if I close the position when the spread is 5?
2) If you had a stop-loss order 3 pips below, would you be stopped out?
Can anyone please clarify these with some explanation of general procedure how FX trading occurs? (bid, ask etc)