S I Z E A N D D E P T H O F T H E M A R K E T :

Foreign exchange is the largest market in the world, with volume that exceeds commodities, financial futures and stocks by far. The Euro currency volume alone is more than 5

times the entire NYSE. The industry estimates that about $3.2 trillion of turnover occurs

daily, on average, in global OTC foreign currency trading. A true, 24-hour-a-day market,

5 days a week, it begins on Sunday at 5:00 p.m. Eastern standard time, and goes through

Friday at 5:00 p.m. Eastern time. Forex trading opens in Sydney and moves across the

globe through Tokyo, London, and New York time zones.

Investors and traders can respond immediately to currency fluctuations whenever they occur, no matter whether it is daytime or night. They can usually get in or out of the market

without waiting for an opening bell or facing a market gap in liquidity that would be

normal in stock trading. The forex market is a highly transparent market. That means that

all current market information and news are widely accessible to all participants.