Cash Market
a.k.a. Spot market
A market where things are bought and sold for immediate delivery and payment, rather than at a future date.
In plain English
A market where things are bought and sold for immediate delivery and payment, rather than at a future date.
In the cash market, you pay and receive the goods right away (or within a short standard window). It is the 'now' market, as opposed to futures and forwards, which settle later.
In forex, the spot market is the cash market: trades settle in two business days for most pairs. Retail traders usually trade a rolling version of spot that never actually delivers currency.
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