The US Dollar, also known as the "greenback", is part of almost 73% of global trades. The US Dollar is the most traded currency in the world. There are over 170 different currencies around the world today that make up the Forex market. The World’s Most Popular Forex Currencies Retail Forex trading only accounts for a mere 5.5% of the entire Forex market globally. Most of the market volume in the Forex market is generated by financial institutions such as commercial banks, central banks, hedge funds, investment managers, and multinational corporations. Who Are the Major Forex Market Players?įorex traders and investors come from a broad spectrum of backgrounds. The Forex market is three times larger than the derivatives market and a whopping 35 times larger than the equity (stock) market. The global Forex trading market is worth $2,409,000,000,000 (that is $2.4 quadrillion).įorex is the only market that runs for 24 hours a day (except for weekends).
Forex market daily activity has seen an increase from US$ 1.2 trillion in 2001 to US$ 6.6 trillion in 2019. The Forex market is the biggest financial market in the world, bigger than the stock, bond, and commodity markets. Forex Market Statistics The Size and Daily Turnover in the Global Foreign Exchange Market Below we outline some interesting facts, statistics, trends, and charts about the huge $6.6 trillion Forex market. We surveyed 3,127 Forex traders from 32 countries to understand how they analyze data, how they trade, what they find challenging, and what is working well. The Daily Forex research team approached our huge database consisting of more than 120,000 subscribers, mainly Forex traders, and asked questions about their challenges and strategies when trading Forex.
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