The Foreign Exchange market, also referred to as the "Forex" or "FX" market is the largest financial market in the world, with a daily average volume of well over US$1.9 trillion -- 30 times larger than the combined volume of all U.S. equity markets. The size and liquidity of the Forex market offers unparalleled trading opportunities.

"Foreign Exchange" is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY). The first listed currency is known as the base currency, while the second is called the counter or quote currency. The base currency is the "basis" for the buy or the sell. For example, if you BUY EUR/USD you have bought Euros (simultaneously sold US Dollars). You would do so in expectation that the Euro will appreciate (go up) relative to the US Dollar.

The best trading opportunities are with the most commonly traded (and therefore most liquid) currencies, called "the Majors". Today, more than 85% of all daily transactions involve trading of the Majors, which include the US Dollar, Japanese Yen, British Pound, Euro, Swiss Franc, Canadian Dollar and Australian Dollar. Using the Forex Exclusive Club Managed Accounts service we are focusing on the most traded and liquid currencies in the world.

A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and then New York. The spot FX market is unique to any other market in the world. Somewhere around the world, a financial center is open for business, and banks and other institutions exchange currencies, every hour of the day and night with generally only minor gaps on the weekend.

The FX market is considered an Over the Counter (OTC) or 'interbank' market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network. Trading is not centralized on an exchange, as with the stock and futures markets. This characteristic of the Forex makes it an ideal market for the use of computer technology and technical analysis to consistently seek out favorable trading opportunities.

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