There are two fees in particular that you need to consider when day trading forex – commissions and spreads. The former is charged when you enter and exit a trader – and is a flat fee (e.g. $3) or a variable fee (e.g. 0.1%). You then have the spread – which is the difference between the buy and sell price of the currency pair. For example, if the buy price of GBP/USD is 1.4001 and the sell price is 1.4003 – this amounts to a spread of 2 pips.