Forex trading – facts and figures to amaze you

Forex trading – facts and figures to amaze you

Much ink has been spilled about Forex. Strategies, plans, concepts, approaches – people have explored them all. So, what's there left to say?

Nothing much to add, but still plenty of things to clarify. Let’s make things more precise and easier to understand.

It’s true that too many variables are involved in offering a clear-cut answer, but let’s have a look at some jaw-dropping facts and figures.

Forex boasts the most massive trading volume of all markets in the world.

As of April 2019, trading in the Forex market averaged $6.6 trillion (source: wikipedia.com). Nothing else even comes close.

According to a study published by brokernotes.co, a couple of years ago, 9.6 million people #trade Forex. For every 800 people on Earth, at least one trades Forex. Imagine almost ten million people gathered around a big chunk of meat, trying to take a bite. To some, it tastes sour; to others, it tastes sweet. But they cherish being in the middle of the action—day in and day out.

You wouldn't believe where most Forex traders live.

Another exciting and revelatory aspect related to Forex: you won't find the most active users in Europe or the U.S., but in Asia, where 3.2 million people account for more than Europe and North American combined. Europeans and North Americans have 1.5 million traders each, 200k more than Africans, who occupy the fourth place.

Source: the same study from brokernotes.co.

These companies own almost half of the Forex market share

9.6 million people might trade Forex daily, but five companies own 40% of the global Forex market share: JPMorgan, Deutsche Bank, Citigroup, XTX Markets, and UBS.

If we look at volumes for retail Forex trading (performed by individuals and not companies), the picture gets even more transparent. Retail trading only accounts for 5.5% of the entire F.X. market.

Source for the info: euromoney.com.

Almost 90% of currency transactions include the USD – bis.org.

The U.S. Dollar is the most popular forex trading currency – with 88.3% of global trades involving the greenback. The second place belongs to the Euro, with "just" 32.3% of trades. Finally, the #Japanese Yen sits on the third spot, with 16.8% of all trades., after a 5% drop from 2017 to 2019.

The major currency pairs (those including the U.S. Dollar) account for two-thirds of the Forex market's daily volume, with the EUR/USD pair leading the pack (24% of trades in 2019). The USD/JPY and GBP/USD follow with 13.2% and 9.6% total transactions.


Forex trading – a dynamic and ever-changing world

Many different things can influence how Forex trading plays out: monetary policy decisions such as setting interest rates, inflation levels, political and economic stability, market speculation, and other similar factors. We won't get into too many details now on that, as it's a topic for another time.

With so many variables in the mix, reaching the professional forex trader status could prove a bumpy ride unless you possess the discipline and determination required. And that comes with experience, training, and patience.

Finding yourself a mentor like an experienced, reputed broker, could do the trick. But pay attention: your mentor must have a proven track record in trading financial service sector. You need to ensure it possesses a license to operate in the markets you're interested in and have a real portfolio. Too many companies operate without a license, and your funds' safety is at stake should you decide to pick one of those.

Here at CAPEX.com, you'll be trading with a fully regulated broker, with an E.U. license, according to legal requirements. We keep your funds safe in reputable banks, protected by high-end technology and secure connections, only allowing internationally recognized deposit and withdrawal methods.

Find out more about CAPEX.com and follow our featured articles section to stay in touch with what's hot in the financial markets!

Sources: brokernotes.co, wikipedia.com, euromoney.com, bis.org.

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