Newbie Question on Forex

Discussion in 'Forex Trading' started by abenyukh, Mar 20, 2003.

  1. abenyukh

    abenyukh

    What exactly does it mean to trade spot?

    Is spot different from Forex trading currencies?

    I see people saying i trade spot, or i trade FX, what is the exact difference?

    Thanks
     
  2. Let me be the one-eyed to lead the blind:

    I believe spot means you buy and sell the currency itself right now (which is actually something like 2 business days from now), as opposed to futures contracts to deliver a currency at some predetermined future date (like at the end of the month).