What is a spot store?
point trade is a method of trading in foreign exchange currencies. Spot stores, also called cash stores, are foreign exchange shops with immediate delivery. The name on the site has become because this type of trade is generally made "on site". Some countries have laws that restrict how long it takes for the buyer to be delivered from a point trade, often legally limiting the time between trade and delivery for one or two days. When a spot store is sold, the currency is sold at a special price called a spot price, which is a business price set for a foreign exchange trade involving immediate delivery of the purchased currency. With profit from growing and decreasing values, the purchase and sale of the Forex market may seem somewhat similar to trading on the tact market. Since the value of the currency can go up or down with changes in market demand for currency, Forex investors can earn money by purchasing undervalued currency and selling this currency when its value increased. Among the favorite currencies that often aboutThey are on the Forex market, belonging to the US dollar, euro, yen and Canadian dollar.
Spot traders are basically like daily traders who operate on the stock market. Since daily traders use short -term changes in the price of shares, they buy low and sales when stocks are high to make a profit when changing price, Forex Spot merchants quickly buy and sell currencies to benefit from price changes. In general, the Forex Futures market is more regulated than shoe trading, which can occur outside of record and closed doors. Although it is easier for investors with less money to get into the Spotug market, this type of trading can be risky because the investor can suffer large financial losses, unless short -term change in currency values as he expected.
Forex Futures trade differs from a point shop because delivery is much longer, usually about one or two months. In the storeFutures futures futures, the investor concludes an agreement on the purchase of a specified amount of foreign currency for a predetermined, agreed price on a particular later date. Since the purchase is carried out in the future, successfully profiting from the purchase or sale of futures forex requires understanding the value of the currency and accurate currency growth.