What is Spot Forex Trading? Learn All You Need To Know Now!
Currency Spot Trading or Spot Forex Trading is the Most Popular Foreign Currency Instrument in the world, making up 37% of the total Trading Activity in the Foreign Exchange Market.
The Characteristic Feature of the Fast Paced Spot Forex Trading Market
are High Volatility and Quick Profits as well as Losses. A Spot deal
consists of a bilateral contract whereby a Party delivers a Currency
against receipt of a given specified amount of another currency from a
counter party based on an agreed Exchange Rate within 2 Business days of
the deal date. The exception to this is the Canadian Dollar in which
the spot delivery is executed the next business day.
The
Spot Delivery for currencies was developed long before technological
breakthrough was necessary to check out all transaction details among
counterparties.
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Anas Abba is an Active Forex Trader and Fund Manager at DigiTrix Fx Firms. His "Crack-the-markets-with-your-mind" Style of trading has helped 100+ of Aspiring Forex Traders all over the world achieve their dreams of Financial Freedom Through Currency Trading. Connect With Anas Abba (Forex Coach) on Google+ or Join His "Schooling Y'all on Forex" Community to get The Hottest Forex Trading Tips, Techniques and Strategies.
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