Very few traders (0.40%) go beyond half of their overall budget and 14% are not sure how much they spend on their Forex trades. As far as the volume of trades goes, on average, 41% of traders make between nine and 20 trades within a single month. Another 35% place between four and eight orders per month, while 14% make more than 30 orders per month. About 45% of respondents have reported spending 1-2 hours a day trading, while 14% have said to spend six hours or more trading. Based on data released in 2020, the average trading experience of the predominant part of the global Forex brokers’ client base is between 1 and 3 years (39% of respondents). The second-largest group includes traders with experience of between 0 and 12 months.

The survey conducted by BIS is the largest global analysis of financial markets, focusing on OTC derivatives and currency markets. Significant changes have occurred in the trading volumes and market shares of various minor and exotic fx pairs between 2010 and 2022. These shifts range from the USD/TRY’s notable decline in both volume and market share to the EUR/CNY’s rapid growth, indicating varying levels of forex trader interest and economic factors at play. While it is true that the Forex market never closes, there are certain hours when it is mostly recommended to place your orders. There are four trading sessions to keep in mind whenever you are trading Forex pairs – Sydney, Tokyo, London, and New York. With the four sessions opening and closing at a different time of the day due to differences in time zones, you can trade currency pairs 24 hours a day, five days a week.

USD 340 billion

The combined sum is adjusted to the company’s realized and unrealized net profit/loss. Data from 2022 revealed that the US is also in second place among the top 10 countries with the highest daily Forex turnover volume with an average of $1.9 trillion. 47.6% of traders prefer to trade stocks, while futures is the second most preferred asset at 38.1%. We define risk as losing money in the form of temporary or permanent drawdowns. However, trading is not easy and certainly not for the faint of heart.

Similarly to other top-performing countries, China’s special administrative region saw the most trading activity in forex swaps, which made up 69% of the overall daily turnover ($469 billion). Currency swaps performed very poorly during this month with $4 billion, falling by around 91% from October 2022 when the region recorded $42.7 billion in daily turnover for this instrument. The total monthly turnover surpassed $22 trillion during this period. All instrument and counterparty types exhibited increases in volumes compared to the same month a year earlier. The US forex market posted even better results in April 2024 when it recorded $1.17 trillion in daily turnover, marking a 14.1% increase from October 2023 and a 26.9% increase from April 2023.

A testament to this is the record $19.1 trillion traded in a single day on 20 June 2024, reported by CLS, the FX settlement provider​. That astonishing figure is over two and a half times the normal daily average of around $7 trillion for CLS. The triennial figures show that the forex market increased its average daily turnover for the most part of the previous two decades. At the turn of the new millennium, it had already passed the $1 trillion mark, averaging at $1,239 billion. The most recent forex trading statistics indicate that the market isn’t slowing down any time soon and continuously reaches new heights in terms of daily turnover and volume.

If you have any trading statistics that should be included from other sources, not to mention reader polls that we should cover, please don’t hesitate to contact us. The rise in beaxy exchange review home office work has also increased interest in trading. This article looks at the world of trading, uncovering trading statistics, truths, facts, and realities that shed light on many things you probably didn’t know about trading in stocks, futures, ETFs, and crypto. According to our research, women represent only 12.4% of all traders. 97% of respondents trade Forex, 43% Gold, 24% stock indices, and 9% cryptocurrencies.

Largest Economies in the World by GDP in 2025 (in USD trillion)

Join 1,400+ traders and investors discovering the secrets of legendary market wizards in a free weekly email. The growth rates were more prominent in developing nations, as Africa, Eastern Europe, and Southeast Asia comprised 60% of the new trading accounts. It might sound discouraging to some, but those are the forex facts that the relevant data points to.

Forex Daily Turnover Net-Net Basis for April 2019 (in billion US$)

It is imperative to capture this particular demographic, which can boast sophisticated marketing strategies since they will jump ship if not gratified. While there is still much work to be done to promote gender balance in the trading industry, there has been a slight increase in the number of women trading Forex, from 10% in 2019 to 12% in 2023. This reflects a growing move towards diversity and inclusivity in the otherwise male-dominated trading field. However, different evolving strategies can minimize your success in marketing campaigns because those are using outdated information.

Russian Ruble’s Trading Share Plunges Below 1%

• In 2016, the UK’s share of the global turnover was 37%.60Bank of England, “BIS Triennial Survey of Foreign Exchange”, accessed June 30, 2020.
• Regarding trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5) remain the most popular choices among Forex traders, with approximately 10 million users worldwide.
• No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
• Based on data released in 2020, the average trading experience of the predominant part of the global Forex brokers’ client base is between 1 and 3 years (39% of respondents).
• In 2016, it accounted for 17.8% of trades.41BIS, “Triennial Central Bank Survey”, accessed June 29, 2020.
• According to eToro’s analysis, investments in commodities rose to 27%, marking an 11% growth from the previous year.

Large institutions are still getting the etoro biggest slice of the cake – thankfully, it’s an enormous cake.6AllFXBrokers, “50 Fascinating facts about Forex”, accessed June 28, 2020. After WW2, a new system was put in place with the Bretton Woods agreement. The dollar became the world’s reserve and reference currency – and other national currencies were fixed to the dollar. The main source of interest from the top 8 locations is within the United Kingdom where 29.8% of interest came from in June 2022.

The most popular trading platform is still the classic MT4, which is used by 85% of traders. The second most popular platform is the MT5, which is used by only 6% of traders.16Forex School Online, “Forex Statistics & Trader Results From Around the World”, accessed June 28, 2020. 45% of traders spend 1-2 hours each day trading, while only 14% spend more than 6 hours per day.14Forex School Online, “Forex Statistics & Trader Results From Around the World”, accessed June 28, 2020. Only about 15% of forex traders make a profit.11Forex School Online, “Forex Statistics & Trader Results From Around the World”, accessed June 28, 2020. Only 24% of traders are older than 55, and only 9% are older than 65.9Forex School Online, “Forex Statistics & Trader Results From Around the World”, accessed June 28, 2020.

• We will also take a look at the effect of the global COVID-19 pandemic on the Forex sector.
• Perhaps due to a lack of patience, traders also fear of missing out too, called FOMO.
• 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.
• The only decline in spot trading occurred in 2016 when average daily volumes dropped by 19.5% from $2.05 trillion to $1.65 trillion.

As a result, large portions of their forex trading take place offshore, in financial hubs like London, Singapore, and New York, through non-deliverable forwards (NDFs) and other instruments. Switzerland punches far above its weight in FX trading, with an average of $367 billion per day in foreign exchange turnover​. That is about 5% of the global total, placing Switzerland among the top six trading centers worldwide after the UK, US, Singapore, Hong Kong, and Japan.

The average daily turnover of forex trading has increased by 432.19% between 2001 and 2019.

Naturally, this also includes improving AI-integration, suggesting more responsible trading decisions. At CompareForexBrokers, we recommend trading exclusively through a fully licensed and regulated brokerage in your jurisdiction. There are different tiers of regulatory bodies depending on the framework enforced. MetaTrader 4 (MT4) remains the most popular platform by the number of users according to data from the MetaQuotes website (the company behind the MetaTrader 4 and MetaTrader 5 platforms). The COVID-19 pandemic appears to have significantly impacted trading activities, leading to a spike in both net operating income and the number of active clients for IG and CMC Markets in 2020 and 2021.

Social media is popular among 34% of the millennial target market

Although it is already immense, the forex market hasn’t slowed down or become sluggish. Some forecasts, such as the one from the IMARC group, predict a compound annual growth rate of 6% in the next five years.4BIS, “BIS Quarterly Review”, accessed June 27,2020. 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. According to BIS’s 2019 triennial survey, trading in FX markets reached an incredible $6.6 trillion per day in April of 2019. There is powertrend evidence that Forex trading, or an early form of it, occurred in ancient Babylon, Egypt, and the Byzantine Empire.

Read on to find out more about the exact figures and sums of money being traded on it. Pepperstone, the second-largest broker in Australia, has an average daily trading volume of $6.7 billion.28Wealth&Value, “Largest Forex Brokers in The World 2020”, accessed June 29, 2020. The second-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.