Newbie Question on Forex

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

  1. 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?

  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).