How Many Retail Forex Traders Are There

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The foreign exchange market is the largest and most liquid marketplace on Earth. We've compiled a listing of of import, up-to-engagement, actionable statistics regarding Forex trading so that you know what you're getting into if you choose to trade Forex.

These statistics have been sourced from credible, authoritative websites, equally well as international surveys, primal banks, and other financial institutions. The data nosotros've compiled is derived from sources which include:

• The Bank for International Settlements' triennial survey released in 2019
• Euromoney magazine'south 2019 FX survey
• The Federal Reserve Bank of New York
• The Bank of England
• The Australian Foreign Exchange Commission operating under the Reserve Bank of Australia
• The Bank of Japan

Although the broader market has experienced a variety of unexpected, negative effects due to the COVID-19 pandemic, the Forex market has remained relatively unscathed – at to the lowest degree for now. In fact, the volume of trading has increased due to the volatility that the pandemic has brought on.

It is incommunicable to tell how the pandemic will impact the strange exchange market from hither on out, but up to this betoken, the increased volatility of the global economy has brought about a huge amount of opportunities for Forex traders – particularly in the short term.

What you'll acquire

• History of Forex Trading
• Size of the Forex Market
• Forex Trader Demographics and Statistics
• Forex Broker Stats
• Forex Currencies
• Forex Currency Pairs
• Forex Marketplace by Country
• Forex Trading vs Cryptocurrency

History of Forex Trading 📜

Forex trading every bit we now know it began in 1973, afterwards the collapse of the Bretton Woods system, which tightly regulated commutation rates. Withal, Forex trading has existed in 1 form or another for a very long fourth dimension – but about as long as humans take used coinage.

There is evidence that Forex trading, or an early form of information technology, occurred in ancient Babylon, Egypt, and the Byzantine Empire. In the 15th century, the famed Medici family of Florence opened banks in foreign lands specifically for the purpose of facilitating trade and currency exchange. The kickoff true Forex marketplace was established in the Dutch city of Amsterdam, some 500 years agone.

The story of modern Forex trading begins with the gilded standard. Adopted by various countries around the earth in the belatedly 19th and early 20th century, the aureate standard guaranteed the value of national currencies. Whatsoever note could be converted into a certain corporeality of gold.

The expenses of WW1 meant that countries had to start printing big amounts of money that weren't backed by gilt – this led to inflation, and the eventual abandonment of the gold standard in 1931.

After WW2, a new system was put in place with the Bretton Woods understanding. The US dollar was pegged to gold, at a stock-still charge per unit of $35 per ounce. The dollar became the world'southward reserve and reference currency – and other national currencies were stock-still to the dollar.

Eventually, the budget and trade deficits of the United states, besides as its dwindling gold reserves, led president Richard Nixon to abandon the Bretton Wood system in 1971. By 1973, the modern class of Forex trading had already taken shape.

Just that isn't quite the stop of the story. For the longest time, Forex trading was an arena that was solely bachelor to large institutions with a huge amount of capital letter, such as governments and banks.

However, the 1990s brought with them a perfect storm for Forex trading – dozens of economies had begun the transition to capitalism, and engineering science, specially the internet and electronic communication networks, revolutionized communication and information exchange.

All of a sudden, the barriers that prevented your average Joe from giving Forex trading a try were gone. The appearance of retail Forex brokers allowed individual forex traders to invest far smaller sums – and it was no longer required to have an army of brokers and traders at your beck and call to participate in this form of investing.

That brings us to the present twenty-four hours. Now, Forex trading is popular in a number of jurisdictions. There are a number of regulated forex brokers in the United States, and several other leading countries as well.

Just what does the time to come hold in store? We don't claim to know for certain, of class – but today's technological advancements are already showtime to have an effect on the Forex market. The rise of cryptocurrencies, in particular, will surely have a large effect on the foreign exchange market by the end of the decade.

Size of the Forex Marketplace 🌐

1.  According to BIS's 2019 triennial survey, trading in FX markets reached an incredible $6.6 trillion per day in April of 2019.

ii. The worth of the entire global forex trading market is estimated to approximately $2.4 quadrillion – in other words, around $2409 trillion.^{1BIS, "BIS Quarterly Review", accessed June 24, 2020.}

3. Global GDP in 2019 amounted to roughly 142 trillion dollars – meaning that the almanac turnover of the forex marketplace is near 17 times larger.^{twoBIS, "BIS Quarterly Review", accessed June 27, 2020.}

4. The forex market dwarfs fifty-fifty the largest stock exchanges in the globe – for example, Nasdaq has a daily volume that averages effectually $200 billion.

five. Over 170 currencies are traded on the global forex market.^{iiiBIS, "BIS Quarterly Review", accessed June 26, 2020.}

6. Although it is already immense, the forex market place hasn't slowed downward or become sluggish. Some forecasts, such every bit the one from the IMARC group, predict a compound annual growth charge per unit of half dozen% in the adjacent five years.^{4BIS, "BIS Quarterly Review", accessed June 27,2020.}

8.  The Forex market is the largest and most liquid nugget market on globe.^{5BIS, "BIS Quarterly Review", accessed June 27, 2020.}

9. Retail Forex trading – that is to say, trading that is done past individuals, accounts for just v.5% of the entire Forex market. Large institutions are still getting the biggest piece of the cake – thankfully, it'due south an enormous cake.^{6AllFXBrokers, "50 Fascinating facts about Forex", accessed June 28, 2020.}

10. Five businesses maintain a 40% share of the global Forex marketplace, according to Euromoney magazine'due south 41st annual FX survey released in 2019.^{7Euromoney, "Euromoney FX Survey 2019", accessed June 28, 2020.}

Forex Trader Demographics and Statistics 🧑‍🤝‍🧑

eleven. Forex traders are peradventure younger than yous'd await – 27% of forex traders fall into the 18-34 historic period group.^{8Forex School Online, "Forex Statistics & Trader Results From Around the World", accessed June 28, 2020.}

12. The 35-44 age group represents 28% of traders, while the 45-54 age grouping accounts for 21% of traders. Only 24% of traders are older than 55, and but ix% are older than 65.^{nineForex School Online, "Forex Statistics & Trader Results From Around the World", accessed June 28, 2020.}

Most forex traders are men in their 30s and 40s.

xiii. Men account for 89.one% of forex traders – meaning that merely ten.9% of traders are women.^{10Compare Forex Brokers, "2020 Forex Statistics", accessed June 28, 2020.}

14. Merely about 15% of forex traders make a profit.^{11Forex School Online, "Forex Statistics & Trader Results From Effectually the World", accessed June 28, 2020.}

15. 66% of traders brand use of daily charts.^{12Forex Schoolhouse Online, "Forex Statistics & Trader Results From Around the Globe", accessed June 28, 2020.}

16. 41% of traders average between ix and 20 trades each month.^{thirteenForex School Online, "Forex Statistics & Trader Results From Around the World", accessed June 28, 2020.}

17. 45% of traders spend 1-2 hours each day trading, while only 14% spend more than 6 hours per day.^{14Forex Schoolhouse Online, "Forex Statistics & Trader Results From Effectually the World", accessed June 28, 2020.}

18. 31% of traders accept been trading for less than a yr, and 39% accept been trading for ane-iii years. Traders which take been trading for 4-9 years account for 23%, while those that have been trading forex for over a decade account for only 7% of all traders.^{xvForex School Online, "Forex Statistics & Trader Results From Around the World", accessed June 28, 2020.}

The great majority of forex traders take under 3 years of trading experience.

19. The most popular trading platform is even so the classic MT4, which is used by 85% of traders. The second most popular platform is the MT5, which is used past but vi% of traders.^{16Forex School Online, "Forex Statistics & Trader Results From Effectually the Earth", accessed June 28, 2020.}

20. 70% of trades utilise a live account, while the other 30% are using demo accounts.^{17Forex School Online, https://www.forexschoolonline.com/forex-industry-statistics/, accessed June 28, 2020.}

21. 72% of forex traders accept no prior experience in trading in other markets.^{18Forex School Online, "Forex Statistics & Trader Results From Around the World", accessed June 28, 2020.}

22. There are approximately 10 million forex traders in the globe today.^{xixBrokerNotes, "A Map of Forex Traders: Where Are the 9.6 Meg Online Traders?", accessed june 29, 2020.}

23. Of those 10 million, 3.ii million are in Asia, and i.5 million each in Europe and North America.^{20BrokerNotes, "A Map of Forex Traders: Where Are the 9.6 Million Online Traders?", accessed june 29, 2020.}

24. There 1.3 1000000 traders in Africa, about a million in the Heart East, and 600,000 in South America. Central America has effectually 335,000 traders, while Oceania has 190,000.^{21BrokerNotes, "A Map of Forex Traders: Where Are the 9.6 Million Online Traders?", accessed june 29, 2020.}

25. As for specific countries, the U.k., as a hub of forex trading, is the leader in this regard, having more than 280,000 online traders.^{22BrokerNotes, "A Map of Forex Traders: Where Are the nine.6 Million Online Traders?", accessed june 29, 2020.}

Forex Broker Stats 🏢

26. The largest global forex broker is the Australian-based IC Markets, which has an average daily trading volume of $18.9 billion.^{23Wealth&Value, "Largest Forex Brokers in The World 2020", accessed June 29, 2020.}

27. The 2d-largest global banker is the XM Group, with an average daily trading volume of $13.4 billion.^{24Wealth&Value, "Largest Forex Brokers in The World 2020", accessed June 29, 2020.}

28. The third-biggest thespian in the global Forex market is the Saxo Bank, which has an average daily trading book worth $12.3 billion.^{25Wealth&Value, "Largest Forex Brokers in The Earth 2020", accessed June 29, 2020.}

29. The largest U.s.-based broker is Forex.com, which is owned by GAIN Upper-case letter Holdings inc. It has an average daily trading volume of $15.five billion.^{26Wealth&Value, "Largest Forex Brokers in The Globe 2020", accessed June 29, 2020.}

30. The 2nd-largest US broker is Oanda, with an average daily trading volume of $10.7 billion.^{27Wealth&Value, "Largest Forex Brokers in The World 2020", accessed June 29, 2020.}

31. Pepperstone, the second-largest banker in Australia, has an average daily trading volume of $six.vii billion.^{28Wealth&Value, "Largest Forex Brokers in The World 2020", accessed June 29, 2020.}

Forex Currencies 💷

32.  The US Dollar is the most popular forex trading currency – with 88.3% of global trades involving the ever-reliable greenback.^{29BIS, "Triennial Central Bank Survey", accessed June 29, 2020.}

33. The second nigh popular currency in the forex market is the Euro – bookkeeping for 32.3% of trades.^{thirtyBIS, "Triennial Primal Bank Survey", accessed June 29, 2020.}

34. The Japanese Yen comes in at third place, with sixteen.viii% of all trades involving this currency. However, the Japanese Yen's share has dropped v% in the last 3 years.^{31BIS, "Triennial Central Depository financial institution Survey", accessed June 29, 2020.}

35.  Currencies that belong to emerging market economies contribute to 24.five% of all forex trades. This constitutes a rise of 4% when compared to the terminal BIS survey, which was conducted in 2016.^{32BIS, "Triennial Cardinal Bank Survey", accessed June 29, 2020.}

36. The British Pound Sterling accounted for 12.eight% of all trades in 2019.^{33BIS, https://www.bis.org/statistics/rpfx19_fx.pdf, accessed June 29, 2020.}

37.  The Australian Dollar's share in global forex trading remained at a stable half dozen.8%.^{34BIS, "Triennial Central Banking company Survey", accessed June 29, 2020.}

38.  The Canadian Dollar and Swiss Franc each accounted for roughly five% of forex trading in 2019.^{35BIS, "Triennial Central Depository financial institution Survey", accessed June 29, 2020.}

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39. Trading in Chinese Renminbi has seen an increase that was in line with aggregate market growth. The Renminbi is at i side of 4.3% of all forex trades.^{36BIS, "Triennial Fundamental Bank Survey", accessed June 29, 2020.}

40. The Hong Kong dollar has seen a surprising increase in the overall share of the forex marketplace in the final three years. The HKD's share has doubled from 1.7% in 2016 to 3.5% in 2019.^{37BIS, "Triennial Central Bank Survey", accessed June 29, 2020.}

41. The New Zealand Dollar has retained an unchanged percent of the market – with 2.1% of all transactions involving this currency both in 2016 and 2019.^{38BIS, "Triennial Key Bank Survey", accessed June 29, 2020.}

Forex Currency Pairs 💱

The nearly commonly traded currency pairs in the Forex market are referred to as the majors. Although in that location is no strict definition of the term, information technology is mostly used to refer to the 7 virtually popular currency pairs – all of which involve the US dollar on either the base side or the quote side.

51. Major pairs account for 67.4% of the Forex market place's daily volume. The 7 major pairs are: USD/EUR, USD/JPY,  USD/GBP, USD/AUD, USD/CAD, USD/CNY, and USD/CHF.^{39BIS, "Triennial Central Bank Survey", accessed June 29, 2020.}

52. The USD/EUR pair, popularly called Fiber, is the nigh traded on the forex market – bookkeeping for 24% of trades in 2019. This marks an increase from 2016's share of 23.ane%.^{40BIS, "Triennial Central Banking company Survey", accessed June 29, 2020.}

53. The USD/JPY currency pair accounted for 13.2% of forex trades in 2019. This pair is ordinarily referred to every bit Gopher, Yen, or Ninja. In 2016, information technology accounted for 17.viii% of trades.^{41BIS, "Triennial Central Banking concern Survey", accessed June 29, 2020.}

54. The USD/GBP pair, which is nicknamed Cable, made up 9.6% of forex transactions in 2019. Its share of the market remained relatively unchanged from 2016 when it accounted for 9.3% of trades.^{42BIS, "Triennial Primal Banking company Survey", accessed June 29, 2020.}

55. The USD/AUD pair, popularly known equally Aussie, made up 5.4% of transactions last year. The Aussie, much like the Cable, has remained quite stable in the last three years – in 2016, it accounted for 5.two% of trades.^{43BIS, "Triennial Primal Bank Survey", accessed June 29, 2020.}

56. The USD/CAD pair, nicknamed the Loonie, represented 4.iv% of trades in 2019. This pair's share of the marketplace has remained most unchanged in the past three years.^{44BIS, "Triennial Primal Bank Survey", accessed June 29, 2020.}

57. The USD/CNY pair, which sets the American Dollar against the Chinese Renminbi, deemed for 4.1% of daily trades last yr. This marks a very slight increase from 2016's share of three.8%.^{45BIS, "Triennial Key Bank Survey", accessed June 29, 2020.}

58. The USD/CHF pair ofttimes called Swissy, made up three.6% of forex transactions in 2019. Much like the Franc'south own famed stability, this pair besides hasn't seen whatsoever major fluctuations since the last BIS triennial written report, when it accounted for 3.v% of trades.^{46BIS, "Triennial Key Depository financial institution Survey", accessed June 29, 2020.}

59. Although it isn't a major pair (at least withal), the eighth most common currency pair – USD/HKD, which pits the Usa dollar confronting the Hong Kong dollar, is speedily gaining on the Swissy – in 2019, it accounted for 3.3% of forex transactions, which is a rapid rise from 2016'southward  share of 1.5%.^{47BIS, "Triennial Central Banking company Survey", accessed June 29, 2020.}

60. Currency pairs that do non include the US dollar are known equally minors or cross-currency pairs. Some of the most pop modest pairs are EUR/GBP, GBP/AUD, GBP/JPY, CAD/JPY, and EUR/NZD.^{48BIS, "Triennial Cardinal Banking concern Survey", accessed June 29, 2020.}

Currency pairs that consist of major currencies and the currencies of developing or emerging economies are referred to as exotic pairs.

Forex Market by State 🌍

61. Sales desks in five countries – the United kingdom, the US, Hong Kong SAR, Singapore, and Japan, accounted for 79% of all forex trading.^{49BIS, "Triennial Fundamental Bank Survey", accessed June 29, 2020.}

62. Since the last triennial survey, trading action in the UK, Hong Kong SAR, and mainland china grew by more than than the global average.^{lBIS, "Triennial Fundamental Banking concern Survey", accessed June 29, 2020.}

63. The United Kingdom is the largest hub of forex trading, with 43.ane% of the global fx turnover.^{51BIS, "Triennial Cardinal Bank Survey", accessed June 29, 2020.}

64. The United States' share of the global forex turnover is 16.5%.^{52BIS, "Triennial Central Bank Survey", accessed June 29, 2020.}

65. Singapore and Hong Kong SAR each contribute 7.six% to the global forex turnover.^{53BIS, "Triennial Key Banking company Survey", accessed June 29, 2020.}

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66. Nihon's share of the global forex turnover is 4.5%.^{54BIS, "Triennial Central Bank Survey", accessed June 29, 2020.}

67. The Forex market place is a distributed electronic marketplace, and as such, it doesn't have a primal hub.

68. Forex trading is conducted 24/7 across the world, only a unmarried day'southward trading is segmented according to the regional market hours of major marketplaces. The three major segments, also commonly referred to as sessions, represent periods of peak action. These are, in order: the Tokyo session, the London session, and the New York session.

Forex Market in the US 🇺🇸

Usa Forex Market Currencies 💵

69. The U.s. dollar is involved in the lion's share of transactions – 89% of trades in the US market involve the greenback, up from 87% three years ago.^eight

70. The Euro is the 2d almost traded currency in the US market, bookkeeping for 36% of trades, up from 31% in 2016.^{55Federal Reserve Bank of New York, "The Foreign Commutation and Involvement Rate Derivatives Markets", accessed June 30, 2020.}

US Forex Market Currency Pairs ☑️

71. The USD/EUR currency pair deemed for 27% of the market'due south boilerplate daily turnover.^{56Federal Reserve Banking company of New York, "The Foreign Substitution and Involvement Rate Derivatives Markets", accessed June 30, 2020.}

72. The USD/GBP pair deemed for merely over 12% of the market's turnover in 2019.^{57Federal Reserve Bank of New York, "The Foreign Exchange and Interest Rate Derivatives Markets", accessed June 30, 2020.}

73. The USD/JPY pair, which pits the U.s.a. Dollar against the Japanese Yen, deemed for eleven% of trades. This marks a noticeable decrease from 2016'due south 19%.^{58Federal Reserve Bank of New York, "The Strange Exchange and Interest Rate Derivatives Markets", accessed June xxx, 2020.}

74. The USD/CAD currency pair represented 7.five% of trades in the US in 2019.^{59Federal Reserve Banking company of New York, "The Foreign Exchange and Interest Rate Derivatives Markets", accessed June xxx, 2020.}

Forex Market in the Great britain 🇬🇧

UK Forex Market Currencies 💷

75.  The UK is the largest hub of the forex market place, with a 43% share of the entire global turnover. In 2016, the Great britain'southward share of the global turnover was 37%.^{60Depository financial institution of England, "BIS Triennial Survey of Strange Commutation", accessed June 30, 2020.}

76.  The net average turnover of the Great britain foreign exchange market place is $three,576 billion, or in other words, $3.576 trillion.^{61Bank of England, "BIS Triennial Survey of Foreign Exchange", accessed June 30, 2020.}

77.  The US dollar is the nigh traded currency in the United kingdom forex market, with 90% of all trades involving the Us dollar. This denotes a 1% increase when compared to the data from 2016.^{62Bank of England, "BIS Triennial Survey of Foreign Exchange", accessed June 30, 2020.}

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78.  The 2d most popular currency in the UK marketplace is the Euro – accounting for 36% of all trades.^{63Bank of England, "BIS Triennial Survey of Foreign Commutation", accessed June thirty, 2020.}

79. The Britain's own currency, the Pound Sterling, comes in at third place – with 17% of trades having the Pound at 1 side.^{64Bank of England, "BIS Triennial Survey of Strange Exchange", accessed June xxx, 2020.}

80. The Japanese Yen is involved in 15% of the UK market'south turnover – marking a noticeable drop from 2016's xix%.^{65Bank of England, "BIS Triennial Survey of Foreign Exchange", accessed June xxx, 2020.}

81. The Australian Dollar and the Swiss Franc business relationship for 6% and 5% of trades, respectively – merely as they did in 2016.^{66Bank of England, "BIS Triennial Survey of Foreign Substitution", accessed June 30, 2020.}

UK Forex Market Currency Pairs ☑️

82. The EUR/USD pair accounts for 28% of the U.k.'s average daily turnover. This amounts to a staggering $i.009 trillion each mean solar day.^{67Depository financial institution of England, "BIS Triennial Survey of Foreign Exchange", accessed June 30, 2020.}

83. The 2nd most mutual currency pair in the UK market isn't a currency pair per se – rather, 23% of the market's turnover involves the US dollar and a currency other than EUR, JPY, GBP, and AUD. This amounts to approximately $822 billion traded each solar day.^{68Depository financial institution of England, "BIS Triennial Survey of Foreign Exchange", accessed June 30, 2020.}

84. Coming in at third identify, the USD/JPY pair accounts for 13% of the marketplace turnover – down from xvi% in 2016.^{69Bank of England, "BIS Triennial Survey of Foreign Exchange", accessed June 30, 2020.}

85. The USD/GBP pair accounts for 13% of the boilerplate daily turnover in the UK market place. Percentage-wise, not much has changed from 2016 – in fact, this pair's share of the market hasn't changed more than 1% in the last x years.^{70Banking company of England, "BIS Triennial Survey of Foreign Exchange", accessed June 30, 2020.}

86. The USD/AUD pair deemed for 5% of average daily turnover in the UK – only every bit it did in 2016.^{71Bank of England, "BIS Triennial Survey of Foreign Exchange", accessed June 30, 2020.}

Forex Market place in Australia 🇦🇺

Australian Forex Market Currencies 🦘

87. The most traded currency in the Australian FX market is the US dollar – which is found at either end of 93% of trades.^{72AFXC, "Foreign Commutation Turnover Report", accessed June 30, 2020.}

88. The Australian Dollar is the second nigh popular currency – accounting for 52% of trades.^{73AFXC, "Foreign Exchange Turnover Report", accessed June 30, 2020.}

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89. The Euro comes in at third identify – with thirteen% of trades involving the single currency.^{74AFXC, "Foreign Exchange Turnover Report", accessed June 30, 2020.}

ninety. 42% of trades in the Australian market involve currencies other than USD, AUD, and EUR.^{75AFXC, "Foreign Exchange Turnover Report", accessed June 30, 2020.}

Australian Forex Market place Currency Pairs ☑️

91. The USD/AUD pair, the Aussie, is the most popular currency pair in the Australian marketplace. It accounts for 47% of the average daily turnover. This amounts to $66.088 billion each solar day, on average.^{76AFXC, "Foreign Exchange Turnover Study", accessed June 30, 2020.}

92. The 2d well-nigh popular currency pair in Australia is USD/EUR – accounting for 11% of turnover, with a daily average turnover of $fifteen.039 billion.^{77AFXC, "Foreign Substitution Turnover Study", accessed June 30, 2020.}

93. The USD/JPY pair accounts for 10% of the Australian market'south turnover. This amounts to $14.174 billion.^{78AFXC, "Foreign Exchange Turnover Report", accessed June 30, 2020.}

94. The USD/NZD pair also accounts for 10% of the market'due south turnover – with a slightly lower boilerplate trading volume which amounts to $13.546 billion.^{79AFXC, "Foreign Exchange Turnover Report", accessed June thirty, 2020.}

95. Currency pairs involving the Us dollar and minor Asian currencies account for six% of the market'due south turnover, amounting to an average daily turnover of $8.985 billion.^{80AFXC, "Foreign Commutation Turnover Written report", accessed June xxx, 2020.}

96. The USD/GBP pair represents 5% of trades, with an average daily turnover of $6.322 billion.^{81AFXC, "Foreign Exchange Turnover Report", accessed June thirty, 2020.}

Forex Market in Nihon 🇯🇵

Japanese Forex Market Currencies 🗾

97. The Japanese Yen is the most traded currency on the Japanese forex market place. It is involved in 38.9% of trades, and the average daily turnover of the Yen amounts to $292.3 billion.^{82BOJ, "2019 Key Bank Survey of Strange exchange and Derivatives Market Activity", accessed July 1, 2020.}

98. The US dollar is neck-and-neck with the Yen – it is involved in 38% of trades, and has an average daily turnover that amounts to $285.6 billion.^{83BOJ, 2019 Central Depository financial institution Survey of Strange exchange and Derivatives Market Activity", accessed July 1, 2020.}

99. The Euro is the third nearly mutual currency in the Japanese forex market. Information technology is involved in ix.ix% of trades and has a daily turnover of $74.6 billion.^{84BOJ, 2019 Cardinal Bank Survey of Strange substitution and Derivatives Market Action", accessed July 1, 2020.}

100. The British pound is establish at either side of 3.4% of trades in the Japanese marketplace. Its turnover amounts to $25.nine billion.^{85BOJ, 2019 Key Bank Survey of Foreign exchange and Derivatives Market place Action", accessed July one, 2020.}

101. Other currencies account for 9.seven% of trades, and their joint turnover adds up to $72.six billion.^{86BOJ, 2019 Central Banking company Survey of Foreign exchange and Derivatives Market place Activity", accessed July 1, 2020.}

Japanese Forex Marketplace Currency Pairs ☑️

102. The most popular currency pair in the Japanese forex market is, unsurprisingly, the USD/JPY pair. In April of 2019, it accounted for 55.eight% of the market'south average daily turnover. In 2016, this currency pair amounted to 62.3% of the marketplace's turnover. As of Apr 2019, this currency pair'due south average daily turnover amounted to $209.6 billion.^{87BOJ, 2019 Fundamental Bank Survey of Foreign substitution and Derivatives Market Activity", accessed July i, 2020.}

103. Coming in at a afar second place, the EUR/JPY pair deemed for 9.6% of trades in 2019 – marking a meaning rise from 2016's five.5%. The latest results from the Depository financial institution of Japan'southward FX survey estimates the daily average turnover of this pair to be worth $36.2 billion.^{88BOJ, 2019 Central Banking concern Survey of Foreign commutation and Derivatives Market Action", accessed July i, 2020.}

104. The USD/EUR is the third well-nigh mutual currency pair in the Japanese market, representing 9.ii% of all trades. Three years agone, this currency pair deemed for 8.6% of trades. The average daily turnover of the USD/EUR pair in the Japanese market place is worth $34.vii billion.^{89BOJ, 2019 Central Bank Survey of Foreign exchange and Derivatives Market Activity", accessed July ane, 2020.}

105. All other currency pairs, both major and minor, account for 25.3% of the Japanese market's average daily turnover, which amounts to $95 billion per day.^{ninetyBOJ, 2019 Fundamental Bank Survey of Foreign exchange and Derivatives Market Activeness", accessed July 1, 2020.}

Forex Trading vs Cryptocurrency ₿

Cryptocurrency is a relatively recent phenomenon. Unless yous've been living under a rock for the past five years, you're more than probable aware of these new digital currencies, their potential, and their wild and ofttimes unpredictable fluctuations.

Cryptocurrencies have already had an effect on the foreign exchange market, and volition continue to have an ever-increasing role as the years become by. We likely won't come across cryptocurrency trading become a office of mainstream investing for another couple of years – at least until the market develops new technologies and becomes much more regulated.

But skilful investing practices always take ane middle pointed to the hereafter. To wrap up our list of Forex statistics, let'south accept a look at what will undoubtedly be the next large affair in Forex.

106. In that location are currently more than 5,000 cryptocurrencies beingness traded. Their full market capitalization is estimated to be $201 billion.^{91Yahoo Finance, "Top 10 Cryptocurrencies by Marketplace Capitalisation", accessed July 1, 2020.}

107. The largest and most famous cryptocurrency past far, Bitcoin, has a market place capitalization of $128 billion.^{92Yahoo Finance, "Top x Cryptocurrencies by Market Capitalisation", accessed July ane, 2020.}

108. The second-largest cryptocurrency, Ethereum, has a market capitalization of $nineteen.4 billion.^{93Yahoo Finance, "Peak 10 Cryptocurrencies past Market place Capitalisation", accessed July ane, 2020.}

109. The third-largest cryptocurrency is Ripple or XRP, with a marketplace capitalization of $8.22 billion.^{94Yahoo Finance, "Height 10 Cryptocurrencies by Market Capitalisation", accessed July 1, 2020.}

110. There are approximately 43 million crypto traders in the world.^{95Chappuis Halder, "How Many Active Crypto Traders are At that place Beyond the World?", accessed July 1, 2020.}

111. There are approximately 15.3 one thousand thousand crypto traders in the United States.^{96Chappuis Halder, "How Many Agile Crypto Traders are There Across the Globe?", accessed July i, 2020.}

112. There are approximately 11.iii 1000000 crypto traders in Europe.^{97Chappuis Halder, "How Many Active Crypto Traders are There Across the Globe?", accessed July ane, 2020.}

113. The trading volume of cryptocurrency spot and futures markets amounted to $8.8 trillion in the first quarter of 2020.^{98Bitcoin.com, "$eight.eight Trillion Traded in Cryptocurrency Spot and Futures Markets in Q1", accessed July ane, 2020.}

114. Approximately 99% of cryptocurrency trades occur on centralized exchanges.^{99CoinCasso, "10 interesting facts virtually cryptocurrency exchanges!", accessed July 1, 2020.}

115. The globe's largest cryptocurrency exchange, Binance, had an average daily trading volume of $2,852,591,354 in 2019, and currently has over 15,000,000 users.^{100Binance, "Binance 2019: Year in Review", accessed July 1, 2020.}

116. The near pop cryptocurrency trading pairs that pit cryptocurrencies confronting fiat currency are BTC/USD, ETH/USD, XRP/USD, and LTC/USD.

117. Cryptocurrency CFDs allow you to speculate on the price movements of cryptocurrencies without a crypto wallet.

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Almost the writer

Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering science from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird's US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.

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