95 Forex Statistics All Traders Need to Know 2022 ✅

Size of the Forex Market

Forex Market is non-stop increasing every month. We collected 95 Forex statistics from different sources.

How large is the foreign exchange market in terms of the daily volume of exchange?

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

How much is the forex market worth?

The worth of the entire global forex trading market is estimated to be approximately $2.4 quadrillion – in other words, around $2409 trillion.

What is the daily turnover of the forex market?

Global GDP in 2019 amounted to roughly 142 trillion dollars – meaning that the annual turnover of the forex market is almost 17 times larger.

What is the biggest trading market in the world?

The forex market dwarfs even the largest stock exchanges in the world – for example, Nasdaq has a daily volume that averages around $200 billion.

How many currencies can be traded in forex?

 Over 170 currencies are traded on the global forex market

What will be the global foreign exchange market outlook during the forecast period (2021-2026)?

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.

What is the largest and the most liquid market in the world?

The Forex market is the largest and most liquid asset market on earth.

What is the percentage of individual accounts in the Forex market?

Retail Forex trading – that is to say, trading that is done by individuals accounts for only 5.5% of the entire Forex market. Large institutions are still getting the biggest slice of the cake – thankfully, it’s an enormous cake.

Who maintains shares of the Forex market?

Five businesses maintain a 40% share of the global Forex market, according to Euromoney magazine’s 41st annual FX survey released in 2019.

Forex Trader Demographics and Statistics

What age is required for forex trading?

Forex traders are perhaps younger than you’d expect – 27% of forex traders fall into the 18-34 age group.

What are the ages of Traders in the Forex market?

The 35-44 age group represents 28% of traders, while the 45-54 age group accounts for 21% of traders. Only 24% of traders are older than 55, and only 9% are older than 65.

Who are the main participants in the forex market?

Men account for 89.1% of forex traders – meaning that only 10.9% of traders are women.

How many traders are profitable? 

Only about 15% of forex traders make a profit.

Do professional traders use charts?

66% of traders make use of daily charts.

What is the average number of trades in trading?

 41% of traders average between 9 and 20 trades each month.

How many hours a day does a day trader work?

45% of traders spend 1-2 hours each day trading, while only 14% spend more than 6 hours per day.

Is Forex trading a long term career?

31% of traders have been trading for less than a year, and 39% have been trading for 1-3 years. Traders which have 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.

What is the most used forex trading platform for trading forex?

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.

Do Forex traders use demo accounts?

70% of trades use a live account, while the other 30% are using demo accounts.

What percentage of forex traders have previous experience?

72% of forex traders have no prior experience in trading in other markets.

How many traders are there in the world?

There are approximately 10 million forex traders in the world today.

How are forex traders divided by country?

Of those 10 million, 3.2 million are in Asia, and 1.5 million each in Europe and North America.

There are 1.3 million traders in Africa, almost a million in the Middle East, and 600,000 in South America. Central America has around 335,000 traders, while Oceania has 190,000.

Which country is the leader in the number of traders?

As for specific countries, the UK, as a hub of forex trading, is the leader in this regard, having more than 280,000 online traders.

Forex Broker Stats

Who is the biggest forex broker?

The largest global forex broker is the Australian-based IC Markets, which has an average daily trading volume of $18.9 billion.

Who is the second biggest forex broker?

The second-largest global broker is the XM Group, with an average daily trading volume of $13.4 billion.

Who is the second biggest forex broker?

The third-biggest player in the global Forex market is the Saxo Bank, which has an average daily trading volume worth $12.3 billion.

Who is the largest Forex broker in the US?

The largest US-based broker is Forex.com, which is owned by GAIN Capital Holdings inc. It has an average daily trading volume of $15.5 billion.

Who is the second largest Forex broker in the US?

The second-largest US broker is Oanda, with an average daily trading volume of $10.7 billion.

Who is the second largest Forex broker in Australia?

Pepperstone, the second-largest broker in Australia, has an average daily trading volume of $6.7 billion.

Forex Currencies

Which currency is most traded in forex?

The US Dollar is the most popular forex trading currency – with 88.3% of global trades involving the ever-reliable greenback.

Which currency is the second most traded in forex?

The second most popular currency in the forex market is the Euro – accounting for 32.3% of trades.

Which currency is the third most traded in forex?

The Japanese Yen comes in third place, with 16.8% of all trades involving this currency. However, the Japanese Yen’s share has dropped 5% in the last three years.

What is the percentage of currencies that belong to emerging markets?

Currencies that belong to emerging market economies contribute to 24.5% of all forex trades. This constitutes a rise of 4% when compared to the last BIS survey, which was conducted in 2016.

How does the pound affect world trade?

The British Pound Sterling accounted for 12.8% of all trades in 2019.

Is the Australian dollar stable?

The Australian Dollar’s share in global forex trading remained at a stable 6.8%.

How do the Canadian Dollar and Swiss Franc affect world trade?

 The Canadian Dollar and Swiss Franc each accounted for roughly 5% of forex trading in 2019.

Is RMB traded in Forex?

Trading in Chinese Renminbi has seen an increase that was in line with aggregate market growth. The Renminbi is at one side of 4.3% of all forex trades.

How much is worth Hong Kong dollar?

The Hong Kong dollar has seen a surprising increase in the overall share of the forex market in the last three years. The HKD’s share has doubled from 1.7% in 2016 to 3.5% in 2019. 

The New Zealand Dollar has retained an unchanged percentage of the market – with 2.1% of all transactions involving this currency both in 2016 and 2019.

Forex Currency Pairs

Which is the most traded pair on the Forex Market?

The USD/EUR pair, popularly called Fiber, is the most traded on the forex market – accounting for 24% of trades in 2019. This marks an increase from 2016’s share of 23.1%.

The USD/JPY currency pair accounted for 13.2% of forex trades in 2019. This pair is commonly referred to as Gopher, Yen, or Ninja. In 2016, it accounted for 17.8% of trades.

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.

The USD/AUD pair, popularly known as 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 5.2% of trades

The USD/CAD pair, nicknamed the Loonie, represented 4.4% of trades in 2019. This pair’s share of the market has remained almost unchanged in the past three years.

The USD/CNY pair, which sets the American Dollar against the Chinese Renminbi, accounted for 4.1% of daily trades last year. This marks a very slight increase from 2016’s share of 3.8%.

The USD/CHF pair often called Swissy, made up 3.6% of forex transactions in 2019. Much like Franc’s own famed stability, this pair also hasn’t seen any major fluctuations since the last BIS triennial study, when it accounted for 3.5% of trades.

Although it isn’t a major pair (at least yet), the eighth most common currency pair – USD/HKD, which pits the US dollar against the Hong Kong dollar, is quickly gaining on the Swissy – in 2019, it accounted for 3.3% of forex transactions, which is a rapid rise from 2016’s share of 1.5%.

What does minor currency in the Forex market mean?

Currency pairs that do not include the US dollar are known as minors or cross-currency pairs. Some of the most popular minor pairs are EUR/GBP, GBP/AUD, GBP/JPY, CAD/JPY, and EUR/NZD.

Forex Market by Country

Sales desks in five countries – the UK, the US, Hong Kong SAR, Singapore, and Japan accounted for 79% of all forex trading.

 Since the last triennial survey, trading activity in the UK, Hong Kong SAR, and mainland China grew by more than the global average.

What country is the largest hub of forex trading?

The United Kingdom is the largest hub of forex trading, with 43.1% of the global fx turnover.

What is the turnover of the global forex US share?

The United States’ share of the global forex turnover is 16.5%.

What is the percentage of turnover of the foreign exchange market from Singapore and Hong Kong?

 Singapore and Hong Kong SAR each contribute 7.6% to the global forex turnover.

What is the turnover of the global foreign exchange of Japan´s share?

Japan’s share of the global forex turnover is 4.5%.

Does the Forex market have a central hub?

The Forex market is a distributed electronic marketplace, and as such, it doesn’t have a central hub. 

Does the Forex Market operate 24 7?

Forex trading is conducted 24/7 across the world, but a single day’s 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 activity. These are, in order: the Tokyo session, the London session, and the New York session.

Forex Market in the US

What percentage of trade is done in dollars?

The US 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.

What is the second most traded currency in the US market?

The Euro is the second most traded currency in the US market, accounting for 36% of trades, up from 31% in 2016.

What was the average annual turnover in foreign exchange markets for the USD/EUR currency pair?

 The USD/EUR currency pair accounted for 27% of the market’s average daily turnover.

What was the average annual turnover in foreign exchange markets for the USD/GBP currency pair?

The USD/GBP pair accounted for just over 12% of the market’s turnover in 2019.

What was the average annual turnover in foreign exchange markets for the USD/JPY currency pair?

The USD/JPY pair, which pits the US Dollar against the Japanese Yen, accounted for 11% of trades. This marks a noticeable decrease from 2016’s 19%.

What was the percentage of trades represented by the USD/CAD currency pair?

The USD/CAD currency pair represented 7.5% of trades in the US in 2019.

Forex Market in the UK

What country is the largest hub of the Forex Market?

The UK is the largest hub of the forex market, with a 43% share of the entire global turnover. In 2016, the UK’s share of the global turnover was 37%.

What is the average turnover of the UK FX market?

The net average turnover of the UK foreign exchange market is $3,576 billion, or in other words, $3.576 trillion.

What is the most traded currency in the UK Forex Market?

The US dollar is the most traded currency in the UK forex market, with 90% of all trades involving the US dollar. This denotes a 1% increase when compared to the data from 2016

What is the second most traded currency in the UK Forex Market?

The second most popular currency in the UK market is the Euro – accounting for 36% of all trades.

What is the third most traded currency in the UK Forex Market?

The UK’s own currency, the Pound Sterling, comes in at third place – with 17% of trades having the Pound at one side.

Is the Japanese Yen involved in the UK market´s turnover?

The Japanese Yen is involved in 15% of the UK market’s turnover – marking a noticeable drop from 2016’s 19%

Is the Australian Dollar one of the most traded currencies?

The Australian Dollar and the Swiss Franc account for 6% and 5% of trades, respectively – just as they did in 2016

How much is the accounting percentage of the UK´s average turnover?

The EUR/USD pair accounts for 28% of the UK’s average daily turnover. This amounts to a staggering $1.009 trillion each day.

What is the second most common currency pair in the UK market?

The second most common 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 day

What currency pair is in the third place?

Coming in at a third place, the USD/JPY pair accounts for 13% of the market turnover – down from 16% in 2016.

What percentage of the average daily turnover in the UK market belongs to the USD/GBP currency pair?

The USD/GBP pair accounts for 13% of the average daily turnover in the UK market. 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 10 years.

Did the percentage of daily turnover in the UK market for USD/AUD increase?

The USD/AUD pair accounted for 5% of average daily turnover in the UK – just as it did in 2016.

Forex Market in Australia

What is the most traded currency in the Australian FX market?

The most traded currency in the Australian FX market is the US dollar – which is found at either end of 93% of trades.

Is the Australian Dollar popular in the Forex Market?

The Australian Dollar is the second most popular currency – accounting for 52% of trades.

The Euro comes in at third place – with 13% of trades involving the single currency.

What currencies are traded in the Australian market?

42% of trades in the Australian market involve currencies other than USD, AUD, and EUR.

What is the most popular currency pair in the Australian market?

The USD/AUD pair, the Aussie, is the most popular currency pair in the Australian market. It accounts for 47% of the average daily turnover. This amounts to $66.088 billion each day, on average.

What is the second most popular currency pair in Australia Market?

The second most popular currency pair in Australia is USD/EUR – accounting for 11% of turnover, with a daily average turnover of $15.039 billion

Is the USD/JPY currency pair popular in the Australian Market?

The USD/JPY pair accounts for 10% of the Australian market’s turnover. This amounts to $14.174 billion.

The USD/NZD pair also accounts for 10% of the market’s turnover – with a slightly lower average trading volume which amounts to $13.546 billion.

Is the US dollar involved in the Australian market?

Currency pairs involving the US dollar and minor Asian currencies account for 6% of the market’s turnover, amounting to an average daily turnover of $8.985 billion

The USD/GBP pair represents 5% of trades, with an average daily turnover of $6.322 billion

Forex Market in Japan

What is the most popular currency in the Japanese forex market?

The Japanese Yen is the most traded currency on the Japanese forex market. It is involved in 38.9% of trades, and the average daily turnover of the Yen amounts to $292.3 billion

Is US Dollar as popular as the Yen in the Japanese Forex market?

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.

What is the third most popular currency in the Japanese forex market?

The Euro is the third most common currency in the Japanese forex market. It is involved in 9.9% of trades and has a daily turnover of $74.6 billion.

Is the British pound popular in the Japanese market?

The British pound is found at either side of 3.4% of trades in the Japanese market. Its turnover amounts to $25.9 billion.

Other currencies account for 9.7% of trades, and their joint turnover adds up to $72.6 billion

The most popular currency pair in the Japanese forex market is, unsurprisingly, the USD/JPY pair. In April of 2019, it accounted for 55.8% of the market’s average daily turnover. In 2016, this currency pair amounted to 62.3% of the market’s turnover. As of April 2019, this currency pair’s average daily turnover amounted to $209.6 billion.

Coming in at a distant second place, the EUR/JPY pair accounted for 9.6% of trades in 2019 – marking a significant rise from 2016’s 5.5%. The latest results from the Bank of Japan’s FX survey estimate the daily average turnover of this pair to be worth $36.2 billion.

Which currencies pair is in the third place in the Japanese market?

The USD/EUR is the third most common currency pair in the Japanese market, representing 9.2% of all trades. Three years ago, this currency pair accounted for 8.6% of trades. The average daily turnover of the USD/EUR pair in the Japanese market is worth $34.7 billion.

 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

Source: https://tokenist.com/investing/forex-statistics/