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.
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merchant providers here
There is no central trading location for the FOREX, which
operates electronically in the retail off-exchange foreign currency
off-exchange foreign currency market is defined by Investopedia.com
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
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
Woodman Financial Services places its trades
through a Futures Commission Merchant (FCM) who normally operates as
the market maker. The FCM has
the option of passing on the trade to their liquidity provider who
becomes the market maker in the transaction.
The MF II program trades a range of
major and minor currencies in both long and short positions. The MF
II method focuses on following long trends utilizing daily and
weekly time frames. Since inception of the program in December 2008
the average monthly return has been 13.89% with a net YTD return
through June 30 of 88.95%.
Our Discretionary program
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.
The Carry Trade program was indefinitely
suspended in Oct 2008 due to above normal volatile market
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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
The minimum amount we manage is