October 1, 2022

Forex trading is one of the most popular forms of trading in the world, with an average daily turnover of more than $5 trillion.

Here are some key statistics about forex trading:

1. The foreign exchange market is the largest financial market in the world.

2. Forex trading is conducted 24 hours a day, five days a week.

3. The majority of forex trades are conducted on the spot market, with the US dollar as the base currency.

4. The US dollar is the most traded currency in the world, accounting for more than 85% of all forex transactions.

5. The euro is the second most traded currency, accounting for about 39% of all forex transactions.

6. The Japanese yen is the third most traded currency, accounting for about 19% of all forex transactions.

7. The UK pound is the fourth most traded currency, accounting for about 13% of all forex transactions.

8. The Swiss franc is the fifth most traded currency, accounting for about 5% of all forex transactions.

9. The Australian dollar is the sixth most traded currency, accounting for about 3% of all forex transactions.

10. The New Zealand dollar is the seventh most traded currency, accounting for about 2% of all forex transactions.

11. Currency trading is mostly done on a speculative basis.

12. The average daily turnover in the forex market is estimated to be more than $5 trillion.

13. The forex market is more than twice the size of the global bond market.

14. The forex market is more than three times the size of the global equity market.

15. There are more than 1,500 different types of currency pairs that are traded on the forex market.

16. The US dollar is the most traded currency in the world, followed by the euro, the Japanese yen, the UK pound, and the Swiss franc.

17. The US dollar, the euro, and the Japanese yen are the three most heavily traded currencies in the world.

18. The majority of forex trading is done by large financial institutions, such as banks and hedge funds.

19. Individual investors account for a small minority of forex trading.

20. The best day to trade according to experts is Wednesday, as it is the day when the most major currency pairs are traded.

21. The worst day to trade according to experts is Friday, as it is the day when the least major currency pairs are traded.

22. The best time to trade according to experts is between 8 AM and noon EST, as this is when the most major currency pairs are traded.

23. The worst time to trade according to experts is between 4 PM and 6 PM EST, as this is when the least major currency pairs are traded.

24. The best currency pairs to trade according to experts are the EUR/USD, GBP/USD, USD/JPY, and USD/CHF.

25. The worst currency pairs to trade according to experts are the AUD/JPY, EUR/AUD, GBP/AUD, and NZD/JPY.

26. Women account for a small minority of forex traders.

27. The average age of a forex trader is 35.

28. The vast majority of forex traders are men.

29. The average income of a forex trader is $100,000.

30. The vast majority of forex traders are white-collar workers.

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