Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Forex stands for “Foreign Exchange” and refers to the active trading of currencies — exchanging one currency for another.

Spot trading refers to transactions in financial markets for instant delivery or “on the spot.” Spot trades typically settle within a few business days of the deal being struck. The forex market is ...

Currency futures are a fascinating financial instrument that allows traders to lock in exchange rates for currencies at a predetermined date. Unlike the often unpredictable nature of forex trading, ...