Spot forex
Currency trading for immediate delivery, which in practice settles two business days later. Retail traders roll positions forward each day instead of taking delivery.
Related terms
Rollover
The daily moment, 17:00 New York time, when open positions roll to…
Contract for difference (CFD)
A derivative that pays the difference in an asset’s price between…
Forex (FX)
Short for foreign exchange: the global over-the-counter market…
Account currency
The currency your trading account is held in. Profits, losses and…
Ask
The price at which the market will sell to you, so it is the price…
Base currency
The first currency in a pair. In GBP/USD it is the pound. Buying…