I have a little red itchy watery bump on my toe its really itchy?

Fungal infection: This itchy bump can be many things, from a fungal infection to poison ivy. Try over the counter cortisone on the itchy spot and see if that helps. If it has liquid in it be careful not to get the liquid on any other part of your foot or body as some fungus spreads by liquid contact. If it gets worse, spreads or does not go away in a few days seek medical assistance for treatment.