The main markets involved in the FOREX are New Zealand, Sydney, Tokyo, China, Frankfurt, London, Zurich, and New York. The FOREX market is the largest in the world, where more than $3.2 trillion is being transacted every day (traditional daily turnover was reported to be over US $3.2 trillion in April 2007 by the Bank for International Settlements. Source: Triennial Central Bank Survey, BIS, December 2007), which is many times larger than the combined volume of all U.S. equities and futures markets, and thus the FOREX is also the market that possesses the greatest liquidity. Late in 2008, with all the uncertainty in the equities markets, the FOREX daily turnover surpassed US $6.5 trillion in a day. This market will continue to attract more and more investors. Currency trading used to be an exclusive activity reserved to government central banks and commercial and investment banks. In recent years, the market has opened up and become available to smaller investors and speculators, thanks to computers and the Internet
