Current Forex statistics, volumes, currencies, and trader earnings
The Forex market is one of the largest platforms for currency trading, with Forex statistics showing daily turnover reaching several trillion dollars.
However, not all currencies are equally popular; preference is given to the US dollar, the euro, and some other trading instruments.
Trading on the market itself is carried out by several hundred large brokers, who act as representatives of thousands of smaller brokerage firms, which in turn work with individuals known as traders.
Forex statistics speak for themselves; from their analysis, one can glean a wealth of useful information for practical trading, with the following key sections:
Key Forex Statistics Indicators
1. The average daily market turnover is about 7 trillion US dollars, and this figure only grows every year.
2. The most popular currencies are the US dollar - 41%, the euro - 30%, the British pound - 7%, the Japanese yen - 5%, the Swiss franc - 5%, the Australian and Canadian dollars less than 2%.
3. The most popular currency pairs are EURUSD - 30% of the total trading turnover, USDJPY - 13%, mainly traded during the Asian session, GBPUSD - 12%, USDCHF - 5%, USDCAD - 4%.
4. The most volatile currency pairs during one session in points are: GBR/CHF – 150, GBR/JPY – 145, USD/CHF – 117, GBR/USD – 112, GBR/JPY – 110, EUR/USD – 97, EUR/JPY – 75. Detailed information on trading them - http://time-forex.com/pary/volatilnye-valutnye-pary
5. The average leverage used by most traders is 1:100, with a minimum of 1:1 and a maximum of 1:3000. However, there are restrictions on trading cryptocurrencies and securities.
6. The largest volumes of transactions are concluded during the European and American trading sessions, with the Asian session taking third place.
7. The highest market activity is observed around 10:00 a.m. Moscow time during the European trading session and 4:00 p.m. when the American session begins.
The main statistical indicator that interests most beginning traders is trading profitability.
Forex Trader Earnings Statistics
1. Traders who lose their first deposit within the first few days of trading account for 85%. Within the first month, another 10% lose their initial capital.
2. The average profitability of professional traders' trades per month in relation to the initial deposit amount is 10% or 120% per annum.
3. The maximum profit received per month as a percentage of the deposit amount is more than 3000%, at least according to PAMM account ratings on various websites.
4. The maximum earnings in a few days is 1 billion US dollars, and this is the official record set by George Soros.
Forex statistics suggest that trading on the foreign exchange market can both make and lose money, depending on your skills and personal qualities.
