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there is money to be made in a field you're totally brand new to. To reduce unnecessary confusion, let's take an all the fx terminology and consider the concept in different terms. Picture the foreign exchange market is a physical body of water. This physical body of water will have various forces acting upon it in a more-or-less continuous manner. These potent forces could be wind, fish moving, the gravitational attraction of our moon, whatever. Spot trading allows users to hedge whatever foreign exchange risk exists in the present, the forward foreign exchange markets are used to hedge risks in the future.