What are spot trades ?

In this post I cover spot trades are some of the advantages they will over other types of foreign exchange trade.

Spot trades are transactions used to buy or sell currency for immediate delivery. This is probably the most common type of transaction businesses make, especially those who are using their bank and not getting any advice or forward planning guidance.

– They allow you to take advantage of the exchange rate at a given moment in time

– The transaction is immediate, and currency can be used straight away

– Over a period of time or large volume of currency, spot trades timed correctly can save you thousands of Pounds. Without advice or planning they can also prove a costly expense

In next week’s post we’ll look at limit orders in more detail.