Develop essential finance & trading skills with expert instruction and practical examples.
Currency Trading is done in Foreign Exchange Market. Currency plays an important role in every part of the world as it is required to conduct foreign trade and businesses. Through Foreign Exchange Market there are many participants who buy, sell and exchange currencies i.
e. trillions of dollars. Currency Trading takes place between different countries in order to conduct smooth foreign trade transactions.
In this educba's course on Understanding Currency Spot Contracts you shall be learning how Spot Contract Notional Trading and Margin Trading takes place. We would be understanding this by actually practically currency trading on the portal keeping in mind UK markets. A spot contract is the most basic of all foreign exchange products available.
It involves the purchasing or selling of currency for immediate settlement on the spot date. The trade is done at the current rate at the time you wish to make it and is often based on the urgency of your requirements. This means that you are dependent on the currency market exchange rate at that time and on the day the spot transaction needs to be made.
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