Articles

Researching the Foreign Exchange Market based on facts, historical data, and the cyclical patterns of the past.

Forex Market Statistics

With a daily turnover of $7.5 trillion per day, the Foreign Exchange Market is the largest and most liquid financial market worldwide.

Highlights

• The size of the entire Foreign Exchange market is estimated to be over 2.4 quadrillion USD
• More than 170 currencies are traded on the global Foreign Exchange market
• USD is a component of 88.5% of the overall FX trading turnover, while EUR/USD remains the largest currency pair (22.7%)
• London remains the most important Forex center in the world, followed by New York
• Five organizations hold a 44% share of the entire global Forex market
• There are over 14 million active Forex traders worldwide, most of them are located in Asia, and the great majority of them are men (89%)
• Retail trading accounts account only for 5.5% of the entire market’s turnover
• The MetaTrader platforms dominate the online Foreign Exchange market (91%)

» More on Forex Market Statistics

With a daily turnover of $7.5 trillion per day, the Foreign Exchange Market is the largest and most liquid financial market in the world.

Highlights

• The size of the entire Foreign Exchange market is estimated more than 2.4 quadrillion USD
• More than 170 currencies are traded on the global Foreign Exchange market
• USD is a component of 88.5% of the overall FX trading turnover, while EUR/USD remains the largest currency pair (22.7%)
• London remains the most important Forex center in the world, followed by New York
• Five organizations hold a 44% share of the entire global Forex market
• There are over 14 million active Forex traders worldwide, most of them are located in Asia, and the great majority of them are men (89%)
• Retail trading accounts account only for 5.5% of the entire market’s turnover
• The MetaTrader platforms dominate the online Foreign Exchange market (91%)

The Foreign Exchange market is a global decentralized (OTC) market for the trading of the world's currencies. Currency is a medium of exchange issued by a government body and is used as a method of payment.

Starting a Currency Trading Account (FAQ)

To trade the Forex market you need a trading account. There are several different types of accounts, however, it is highly recommended to start by opening a free demo account. A demo account can help you gain experience without any risk of losing your funds. Every respectful Forex broker will provide you with a free demo account. After gaining some experience, you can trade for real money. When starting to trade for real money note that a micro-lot account is more suitable for beginners.

• Demo/Practice accounts offer an excellent chance to gain experience and evaluate the conditions of every Forex Broker without any cost
• A micro-lot account is the best option for beginners and semi-advanced Forex Traders as it allows trading in smaller order sizes

» Opening a Forex Trading Account (FAQ)