Which pieces to keep and which to exchange is one of the most important questions in chess. This is true in the opening, the middlegame and the endgame. Less experienced players often think exchanging means to swap pieces of equal value and fail to take strategic factors into account. Of course, you have to keep the material balance in mind but it is crucial to realize how exchanges affect the position. The „feeling“ for the right exchange – players like Capablanca or Karpov were unrivalled masters of this art – is something a chessplayer has to develop over time. This DVD wants to help to develop this „feeling“. On this DVD I want to pursue the questions related to „exchanging“ and to answer these questions with the help of instructive games to develop a „feeling“ for the right exchange.I divided my lecture into four parts:1) Structural aspects of an exchange2) Exchanging when attacking or defending 3) Exchanging to realize an advantage4) The exchange of queensTo exchange or not to exchange: that is the question!