Regardless of the investment strategy that you employ, you will have to buy and sell assets if you get involved with a motorcycle title pawn. Assets are bought and sold in markets. A market is simply coming together of buyers and sellers for the purpose of making transactions. Thus a market exists wherever investment transactions occur. Some markets, like the New York Stock Exchange in the Chicago Board of Trade, are formal, centralized markets. Other markets such as the market for the stock of many smaller companies are less formal, and the transactions are performed at many locations. Some markets, such as the market for currencies, are global, whereas other markets, such as the market for real estate, are purely local.