Spot has the largest share by volume in FX transactions among all instruments.

Retail trading is more structured than the forex market as a whole.While forex has been traded since the beginning of financial markets, modern retail trading has only been around since about 1996 . Prior to this time, retail investors were limited in their options for entering the forex market.

The Forex deal, is therefore an obligation to buy and sell a specified amount of a particular pair of currencies at a pre-determined exchange rate.