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Many will read eagerly some influential columnist's opinion of the future of IBM. in a twenty-four hour market with a dozen time zones. Hence the name.Spot markets are those in which the commodity is traded immediately in exchange for cash or some other good.No one knows the future price with certainty, that's why it's called speculation.Other traders exchange commodities on spot markets in much greater quantities - thousands or millions of ounces of gold or barrels of oil. Program trading, fund trading and so on that can cause large movements in particular equities has a negligible effect on currency prices. You give the jeweler several hundred dollars in cash, he gives you an ounce of gold, usually in the form of a coin, 'on the spot'.. And many more on other exchanges. Though the pace of trade and many of the detailed mechanisms has changed, the basics are still the same. In every case, one is pretty much like another.Commodities can be traded on either spot markets, or in the form of futures. Execute paper trades - trades that don't execute on the real markets - using the real currency figures. But, it isn't the norm even though it's more common than ever. Most stock brokers will leverage (lend investors money) up to 2:1.Practice - When starting out, take advantage of the demos offered by most brokers. Buying shares is short for 'purchasing a share of ownership'. A few hundred are major players. A farmer might plant wheat in April and discover in June that the price someone

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