Current forex statistics, volumes, currencies, traders’ earnings
The Forex market is one of the largest platforms where currency trading takes place; Forex statistics say that its daily turnover reaches several trillion dollars.
However, not all currencies are equally popular; preference is given to the American dollar, euro and some other trading instruments.
Trading on the market itself is carried out by several hundred large brokers; they are representatives of thousands of small brokerage companies, which in turn work with individuals called traders.
Forex statistics speak for themselves; from its analysis, you can glean a lot of useful information for use in practical trading, with the main sections being the following points:
Key Forex statistics
1. The average daily turnover of the market is about 7 trillion US dollars, and this figure is only growing every year.
2. The most popular currencies are the US dollar -41%, euro -30%, British pound -7%, Japanese yen -5%, Swiss franc -5%, Australian and Canadian dollars less than 2%.
3. The most popular currency pairs - EURUSD - 30% of the total transaction 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. More details about trading them - http://time-forex.com/pary/volatilnye-valutnye-pary
5. The average leverage with which most traders work is 1:100, minimum 1:1, maximum 1:3000. However, there are restrictions when trading cryptocurrencies and securities.
6. The largest volumes of transactions are concluded during the European and American trading sessions, the third place is occupied by the Asian one.
7. The highest market activity is observed around 10 am Moscow time during the European trading session and 16 pm when the American session begins.
The main statistical indicator that most novice traders are interested in is trading profitability.
Statistics on earnings of Forex traders
1. Traders losing their first deposit during the first days of work – 85%. During the first month, another 10% remain without initial capital.
2. The average profitability of professional traders’ transactions per month in relation to the amount of the initial deposit is 10% or 120% per annum.
3. The maximum profit received per month as a percentage of the deposit amount is more than 3000%, according to ratings of PAMM accounts on various sites.
4. Maximum earnings within a few days – 1 billion US dollars, and this is the official record set by George Soros.
Forex statistics make it possible to conclude that when trading on the foreign exchange market it is possible to both earn and lose your money, it all depends on your qualifications and personal qualities.