Exploring How Many People Trade Forex Worldwide

2023-10-13 Forex Trading

A trusted forex broker is critical for success in the global currency market trades. Every currency trader has specific needs related to which platform, tool, or research requirements they use. While it is not necessary to be a wealthy investor to trade currency pairs, the majority of global Forex traders fall under the category of somewhat wealthy investors.

Although 29% of retail investors achieve capital gains, 99% of fx traders fail to make profits for more than 4 continuous quarters. In 2025 we have made a list of the most searched term for each country and the average search volume over 2025 to indicate the popularity of trading forex. The main source of interest from the top 8 locations is within the United Kingdom where 29.8% of interest came from in June 2022.

Do traders have any other trading experience before Forex?

• We’ve compiled a list of important, up-to-date, actionable statistics regarding Forex trading so that you know what you’re getting into if you choose to trade Forex.
• About 91% of participants in the survey reported they were trading with regulated Forex brokers.
• Forex trading has become increasingly popular in recent years, with more and more individuals and institutions investing in the global currency markets.
• For the longest time, Forex trading was an arena that was solely available to large institutions with a huge amount of capital, such as governments and banks.
• Large institutions are still getting the biggest slice of the cake – thankfully, it’s an enormous cake.6AllFXBrokers, “50 Fascinating facts about Forex”, accessed June 28, 2020.
• Another way to estimate the number of forex traders is to look at the number of retail forex accounts that exist.

According to Forex market stats, there are more than 280,000 online traders in the UK which means 1 in every 164 adults in the UK is an online trader. If we count forex traders worldwide, the total number of traders in 2022 is 10 million. If we divide this 10 million into countries, Asian traders contribute 3.2million, European 1.5million, Americans 1.5million, 3.1 million Africans, and 280,000 online traders from the UK. 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 most commonly traded currency pairs in the Forex market are referred to as the majors. Although there is no strict definition of the term, it is generally used to refer to the 7 most popular currency pairs – all of which involve the US dollar on either the base side or the quote side.

Forex History Statistics

By doing so, they can increase their chances of success and avoid common pitfalls in this complex and dynamic market. Typically, men are the predominant participants in the global Forex trading sector, with women representing merely 12.4% of all traders in the market. Since the establishment of the Forex market, males have been the dominating gender participating in currency pair trading.

Forex trading vs. stock trading

An enquiry into the scope of forex market participation reveals a burgeoning interest in understanding how many people trade forex. This figure is crucial for an encompassing forex industry analysis that sheds light on the dynamics of global finance. Since the 1970s, the forex market has been popular in the USA. With online trading platforms individuals, traders started taking more and more interest in forex.

Currency swaps also fell into the sharpest decline, dropping by 18% from April. When it comes to geographic distribution, some countries have a more concentrated percentage of Forex traders than others. According to data published by VT Markets, a global multi-asset CFD broker, Asia is the region with the highest number of online Forex traders, with 3.2 million Asian investors trading currency pairs. Europe and North America are also some of the bigger Forex trading markets in the world, with each of the two regions reporting 1.5 million traders. Africa and the Middle East also fall under the category of regions with a high number of Forex traders while the least number of traders are based in Oceania.

The availability of online trading platforms, educational resources, and leverage has made forex trading more accessible to individuals than ever before. However, it is important for traders to approach forex trading with caution and to educate themselves on the risks involved. According to a report by the Bank for International Settlements (BIS), the daily turnover of the forex market was $6.6 trillion in April 2019. This figure includes all types of participants, such as banks, hedge funds, corporations, and retail traders.

Do traders have any other trading experience before Forex, for example stocks? 72% had no experience trading any other markets before trading Forex. This section looks at who a trader is on average, their age, profitability, how long they have traded, and what markets they are trading. The demographic stats reveal that Forex continues to be a male-dominated industry, but more women are showing interest in currency trading, slowly increasing the percentage of females in this sector. Young adults comprise the larger portion of active Forex traders, with social media often being used by successful traders to stay updated about the latest Forex trends. Fidelity was another trading service company that finished the period between May 2017 and May 2021 with a significant number of active customers, with a total of almost 1.9 million monthly traders for May 2021.

This number exceeds more than one million European and North American traders’ populations. Though London, the UK, and New York in the USA are the major forex trading centers, forex traders are found worldwide. The majority of the forex trading statistics referenced in this article are sourced from the Bank of International Settlements (BIS) Triennial Central Bank Survey 2022. The survey conducted by BIS is the largest global analysis of financial markets, focusing on OTC derivatives and currency markets.

They create local indicators based on weather, election cycles, even regional news that global analysts overlook. Finding edges in places the textbooks never thought to look. 70% of those who responded to the survey trade on a live account. According to our research, women represent only 12.4% of all traders. 97% of respondents trade Forex, 43% Gold, 24% stock indices, and 9% cryptocurrencies. The last pair on our list of the 7 majors to trade is the New-Zealand Dollar (NZD) to USD.

The trading volume of the top ten forex trading services accounts for 66% of all forex trading done globally.

This is due to a variety of factors, including lack of knowledge, emotional trading, and high leverage. One way to estimate the number of forex traders is to look at the number of forex brokers and trading platforms that exist. According to some estimates, there are over 1000 forex brokers worldwide. These brokers offer a variety of trading platforms, including MetaTrader 4 and 5, cTrader, and others.

Many would like to find out How many forex traders are there? Research indicates that approximately 9.6 million people are trading in forex online. nonfarm payrolls forecast In conclusion, the forex market is the largest financial market in the world, with an average daily turnover of $6.6 trillion.

• The US dollar was pegged to gold, at a fixed rate of $35 per ounce.
• The Aussie is greatly affected by mining commodities, farming of beef, wool, and wheat.
• You could place a trade without feeling like the smallest fish in the loudest pool.
• Yet another trading service provider that experienced a significant boost of active monthly traders between May 2017 and May 2021 was eToro.

Popular Forex Reviews

According to the most recent edition of Investment Trends, Australia has the largest penetration of CFD/FX trading in the world on a per-capita basis. In 2021, over 100,000 Australians executed one or more FX or CFD transactions. There are also the most forex brokers in Australia based on a per capita basis. The USD has strengthened its grip as the world’s most traded currency, increasing its share in OTC foreign exchange turnover from 84.9% to 88.4% over the last 12 years. There are approximately 10 million forex traders in the world inside bar trading strategy today. This figure encompasses a diverse range of participants, from beginner traders who are just getting started to seasoned institutional investors.

Between 72% and 84.60% of online forex traders lose money.

They’re not just etoro to oszustwo looking to win trades; they’re looking to build platforms of their own. That’s why the best apps don’t just push people to trade—they educate them. They invite users to think critically instead of chasing hype.