Forex Market

The FOREX (FOReign EXchange) is the largest financial market in the world with a volume of over $2 TRILLION traded per day.  It dwarfs the daily volume of the New York Stock Exchange, which trades around $25 Billion daily. 

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 through an interbank network.  It has been available to individuals as a financial tool only since 1998.  Before then, traders consisted of banks and other major financial institutions such as hedge funds.  To trade as an individual required $10M. 

Liquidity is extremely high and most trades are executed almost as fast as you can enter the request.  At the Captains Fund, we trade four of the most highly traded currency pairs:  EUR/USD, GPD/USD, USD/CHF and USD/JPY.  EUR is the EURO, GPD is the Great British Pound, CHF is the Swiss Franc and JPY is the Japanese Yen.  

Although the Captains Forex Managed Accounts Program takes measures to minimize risk, the Forex market can be quite volatile.  Only risk capital should be used.