20 Important Forex Statistics in 2020

<p>Researching forex trading? Below are some interesting forex statistics, charts, trends, and facts we found on this $5.3 trillion daily market.</p>
<h2>General Forex Statistics</h2>
<ol>
<li>The global forex trading market is worth $1,934,500,000,000 (that’s $1.93 quadrillion).</li>
<li>The global forex market is 2.5X larger than the global GDP.</li>
<li>Daily forex trading volume has increased by more than 40% over the last decade.</li>
<li>More than $5.3 trillion dollars per are traded every day in the forex market.</li>
<li>Global forex market daily turnover hit $6.6 trillion dollars in 2020.</li>
<li>More than 85% of the global forex market transactions happen on only 7 currency pairs known as the majors (<a href="https://forexattack.com/currencies/eurusd/">EURUSD</a>, <a href="https://forexattack.com/currencies/usdjpy/">USDJPY</a>, <a href="https://forexattack.com/currencies/gbpusd/">GBPUSD</a>, <a href="https://forexattack.com/currencies/audusd/">AUDUSD</a>, <a href="https://forexattack.com/currencies/nzdusd/">NZDUSD</a>, <a href="https://forexattack.com/currencies/">USDCAD</a>, <a href="https://forexattack.com/currencies/usdchf/">USDCHF</a>).</li>
<li>Retail forex trading volume represents just 5.5% of the whole foreign exchange market.</li>
<li>Forex trading daily volume is about 53 times more than the New York stock exchange.</li>
<li>Deutsche Bank is the world’s largest foreign exchange dealer with over 21% in market share.</li>
<li>There are over 170 different currencies around the world today that make up the Forex market.</li>
<li>Forex is the only market that runs 24 hours per day.</li>
<li>The Forex market is the most liquid market in the world.</li>
<li>The Forex market is 12X larger than the futures market and 27X larger than the equities (stock) market.</li>
<li>The US Dollar is the most traded currency and is part of almost 90% of global trades.</li>
<li>The EUR/USD (also referred to as the euro) is the most heavily traded currency pair by volume.</li>
</ol>
<h2>Forex Trader Stats</h2>
<ol>
<li>$10,000 is accepted as a good starting account size for the best chance of success.</li>
<li>Forex accounts can be started with as little as $100.</li>
<li>More than 43% of forex trades are millennials.</li>
<li>Only 15% of traders are over 45 years old.</li>
<li>95% of all traders fail and 80% will quit in the first two years of trading.</li>
</ol>
<p>The post <a rel="nofollow" href="https://forexattack.com/education/20-important-forex-statistics-in-2020-20200729-1007/">20 Important Forex Statistics in 2020</a> appeared first on <a rel="nofollow" href="https://forexattack.com">Forex Attack</a>.</p>