how much is the forex market worth 2020 - 2021

  1.  The global forex trading market is worth $1,934,500,000,000 (that’s $1.93 quadrillion). Put another way, this is 2.5X larger than the global GDP. 1
  2.  $5.3 trillion dollars are traded every day in the forex market.1
  3.  More than 85% of the global forex market transactions happen on only 7 currency pairs known as the majors (EURUSD, USDJPY, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF).2
  4.  If you spent one dollar every second around the clock, it would take you 31,688 years to spend a trillion dollars. Therefore, to spend $5.3 Trillion, the daily volume of the forex market, would take you 126,118 years.3
  5.  The volume of retail forex trading represents just 5.5% of the whole foreign exchange market2
  6.  Forex trading daily volume is about 53 times more than the New York stock exchange.3
  7.  Deutsche Bank is the world’s largest foreign exchange dealer with over 21% in market share2
  8.  There are over 170 different currencies around the world today that make up the Forex market.2
  9.  Forex is the only market that runs for 24 hours per day. 1
  10.  The Forex market is the most liquid market in the world. 1
  11.  The Forex market is 12X larger than the futures market and 27X larger than the equities (stock) market. 

  1. The GBP/USD is known as the ‘cable’. Why do we have such a name for it? Simply because, before the creation of global communication satellites and the fiber optic technology, the London and New York stock exchanges were connected by a giant steel cable, immersed in the Atlantic Ocean.1
  2. The British Pound (GBP, 11.8%) is the fourth most-traded currency1
  3. The Euro is the third most traded currency (EUR 33.4%)1
  4. The Japanese Yen (JPY, 23%) is the third most traded currency1
  5. The Australian Dollar (AUD 8.6 %) is the fifth most traded currency1
  6. The Swiss Franc (CHF, 5.2%) is the sixth most traded currency1
  7. The Canadian Dollar (CAD 4.6%) is the seventh most traded currency1
  8. The Mexican Peso (MXN 2.5%) is the eighth most traded currency1
  9. Chinese Renminbi (CNY 2.2%) is the ninth most traded currency1
  10. New Zealand Dollar (NZD 1.4%) is the tenth most traded currency

What is Forex Technology Static

  1. MT4 is the most popular Forex trading platform in the world. Its closest competitor is MT5, which as the name implies, is also built by MetaTrader.
  2. Over 35% of traders search for a broker using a mobile or tablet device.
  3. Traders prefer Android over iOS. 56.1% of traders have an Android phone, while 41.8% use iOS. Samsung is the most popular brand among traders using Android.
  4. 90% of successful Forex traders these days use robots (sometimes called ‘expert advisors‘) to help them make money.4
  5. In Binary options trading, every trade lasts from less than 10 minutes to a maximum of 19 minutes.4
  6. 85% of traders use Windows Desktop.5
  7. Auto trading began in the Chicago Mercantile exchange as early as the 1970’s but became common with retail trading around 1999 when online retail platforms started appearing.3
  8. 60% of all Forex transactions are conducted in either the UK (41%) or the United States (19%)
  9. The 5 most popular cross rates, according to research are: EUR/JPY, EUR/GBP, EUR/CHF, GBP/JPY and GBP/CHF.