FOREX SEMINARS : Forex market has an average volume of daily $2000 billion as per April 2004 report submitted by Bank for International Settlement. This volume makes the Fx market largest in the world. Unlike equity market FX market dont have a centralized exchange like NYSE or NASDAQ, etc. Each transaction is being recorded and prices are dealt in the centralized market. In the equity or commodity market there is always one market specialist or market maker who trace all trades in the market. However Currency market is a decentralized one, where no one is tracking or tracing trades other than their own trades. Certainly there too market makers are present, but they track and record information about their trade for proprietary account desk.The bid and ask price are being made in a currency pair by the largest banks like UBS, HSBC, Deutsche bank, Citibank etc. they use to deal consistently among themselves or for their clients. It is called as the Interbank market. There is sharp competition between these banks and this will make sure tight spreads and fairness in pricing of derivatives also. Most individuals are unable to access or influence the price in this market, because the customers who are sitting in the interbank desk will be either big mutual funds or hedge funds who have millions of dollars to pump at any time in the market. Moreover it is very essential for an individual investor to learn about the interbank market operation in order to cross check the fairness of the prices offered by his broker and to understand how the retail spreads are priced.