Spread is depended on which factors?

<p id="isPasted">In forex trading, the spread is the difference between the bid and ask price of a currency pair. Spreads can be affected by several factors, including:</p><ul><li>Market liquidity: If there are more buyers and sellers in the market, the spread will typically be narrower.</li><li>Economic events and news: Economic data releases and major news events can cause fluctuations in currency prices and affect the spread.</li><li>Volatility: When the market is more volatile, the spread may be wider because there is more uncertainty about the future direction of prices.</li><li>Broker policies: Different brokers may have different spreads for the same currency pair, depending on their business model and pricing policies.</li><li>Time of day: Spreads may also vary depending on the time of day, as trading activity and liquidity can differ during different market sessions.</li></ul>