Forex (foreign exchange) spot trading is a type of trading where traders buy and sell currencies at the current market price. In spot trading, the delivery of the traded currencies takes place within two business days.

Spot trading is the most common type of forex trading, and it is popular among traders because it provides them with the opportunity to profit from the volatility of currency prices. Spot trading is also known for its liquidity, as it involves large amounts of currencies being traded on a daily basis.

To trade forex on a spot basis, traders typically use a forex broker that provides them with access to the interbank market, where the actual buying and selling of currencies takes place. The forex broker acts as an intermediary between the trader and the interbank market, and they charge a commission or spread for their services.

It’s important to note that forex trading carries a high level of risk, and traders should carefully consider their investment objectives, level of experience, and risk tolerance before engaging in forex trading.