The FX Market
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 turnover of nearly US $3.5 trillion. Foreign Exchange is the simultaneous buying of one currency and selling of another. The world's currencies are on a floating exchange rate and are always traded in pairs, for example Euro/Dollar or Dollar/Yen. Generally speaking, only professional traders are able to access the global FX market pricing. Others interested in trading FX generally use clearing brokers, referred to as Futures Commission Merchants (“FCM”). Astor Capital receives and trades its FX prices from its FCM.