Forex Market
Direct trading of foreign currencies is accomplished through the FOREX market, sometimes abbreviated as FX. The FOREX is the world's largest and most liquid market with over $3 TRILLION average daily volume. Trading the FOREX may be beneficial to provide diversity from such traditional investments vehicles as real estate or stocks.
And what is traded? Not stocks, not bonds, nothing like that. MONEY is traded. When you trade the FOREX, you buy one currency while selling another. You might, for instance, trade this pair: USD/JPY, which would be buying the U.S. dollar while selling the Japanese yen.
There is no central trading location for the FOREX, which
operates electronically in the retail off-exchange foreign currency
market. Retail
off-exchange foreign currency market is defined by Investopedia.com
as:
“Unlike most
other exchanges such as the New York Stock Exchange or the Chicago
Board of Trade, the FX market is not a centralized market. In a
centralized market, each transaction is recorded by price dealt and
volume traded. There is usually one central place back to which all
trades can be traced and there is often one
specialist or
market
maker. The currency market, however, is a decentralized market.
There isn't one "exchange" where every trade is recorded. Instead,
each market maker records his or her own transactions and keeps it
as proprietary information. The primary market makers who make bid
and ask spreads in the currency market are the largest banks in the
world.”
Our Discretionary program
trades in
the retail off-exchange Forex market in a wide range of world
currencies. Discretionary program trades a range of
major and minor currencies in both long and short positions. The
Discretionary method utilizes fractal breakouts,
Fibonacci and moving averages. Program guidelines allow for up to 3%
of total equity initially to be put at risk on the market.
Currencies traded in this program are: AUD/CAD, AUD/JPY, AUD/USD,
CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/USD,
GBP/CHF, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, and USD/CHF.
Our Carry Trade program invests in a few major world currencies primarily traded on the off-exchange currency market. Currencies traded vary in a combination of EUR/USD, GBP/USD, USD/CHF, and USD/JPY hedged directly or indirectly with an inversely correlated currency pairs (of which are listed). The Carry Trade program has no performance records for client accounts.
Although the Captains Forex Managed Accounts Program takes measures to minimize risk, the Forex market can be quite volatile. The Captains Forex Managed Accounts Program cannot guarantee it will be successful in minimizing risk or controlling drawdowns. Only risk capital should be used.
The minimum amount we manage is $100,000.00.
