What is Spot Forex?
Thursday, September 18th, 2008Spot foreign trading is commonly known as Forex trading. It is always buying or selling of one currency against the others. If you think that the value of dollar will rise against the price of Euro, you would sell Euro to buy USD.
Spot Forex is different from trading Currency Futures. Spot forex offers highest liquidity and trading cost is lower than currency future trading. It does not involve the exchange charges like the one imposed by NFA or National Futures Association.