Spot market

A spot market is like a store where people buy and sell things quickly. When you go to the spot market, you can buy something right away, and you don't have to wait. It's the same with currency, stocks, commodities, and other things people trade. People come to the spot market to buy or sell something right away, instead of waiting. The prices of things can change very quickly in the spot market, so it's important to watch the prices to make sure you're getting a good deal.