Forex Trading – 5 Most Popular Countries

Five Most Popular Countries for Forex Trading

As of April 2013, trading in the international forex exchange markets averaged about $5.3 trillion every day. This is based on the latest data from the Bank for International Settlements which conducts a survey every three years. In fact, the amount of activity in the foreign exchange markets is continuing to grow strongly, up from $4.0 trillion a day in April, 2010. However, there have been major shifts in which currencies pairs are traded most, and in where trading occurs.

The United States

forex tradingThe US dollar continues to be the world’s dominant currency, and is involved in 87% of all forex deals. Keeping in mind that forex involves two currencies; that means the US dollar accounts for 43.5% of all global forex trade. That’s actually up slightly from 2010, when the US dollar was involved in slightly less than 85% of all currency trades. However, that doesn’t mean that the US is the most popular country where forex trades occur – in fact, only 18.9% of forex trades occur in the US market, which puts the country in second place.

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easyMarkets

With over a decade of trading expertise and 100,000 fulfilled clients in 160 countries worldwide, easyMarkets will tick all your boxes whether you are a new or experienced trader, affiliate or introducing broker. Trade currencies, commodities, metals, vanilla options and indices from one place without the jargon, complicated offers and confusing terms! Welcome to the exciting world of trading. Welcome to easyMarkets.

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