Online Forex Currency Trading – Interesting Statistics
As you may know, Forex Currency trading market made it foundation in 1971. From there the market had undergone many changes and expansions. In 1980s the increase of money movement across the country borders made forex currency trading more popular. In 1990s, with the introduction of computers, internet and trading/monitoring systems the market have become an enormous one with traders all over the world, form Metro cities to small villages.
Today, forex currency market is the biggest financial market on our planet. The daily trading market volume of currency trading is over 2,000,000,000,000.00 (2 trillion) U S dollars. This is around 30 times the daily trading volume of NYSE and Nasdaq together. The five most trading currencies are U.S Dollar, British Pound, Japanese Yen, Swiss Franc and Euro. Together these five currencies constitute more than 70% of forex trades done in North America.
The main beneficiaries of forex currency trading are banks. Most banks involved in forex trading deposits 30% to 35% of their capital as an average in this market and makes 40% to 50% profit from it. Of the total currency trades around 73% are done by 10 major international banks.
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Today, forex currency market is the biggest financial market on our planet. The daily trading market volume of currency trading is over 2,000,000,000,000.00 (2 trillion) U S dollars. This is around 30 times the daily trading volume of NYSE and Nasdaq together. The five most trading currencies are U.S Dollar, British Pound, Japanese Yen, Swiss Franc and Euro. Together these five currencies constitute more than 70% of forex trades done in North America.
The main beneficiaries of forex currency trading are banks. Most banks involved in forex trading deposits 30% to 35% of their capital as an average in this market and makes 40% to 50% profit from it. Of the total currency trades around 73% are done by 10 major international banks.
NobleTrading.com Offers Online Stock Trading, Online Options Trading
Online Futures Trading, Online Forex Trading
Worldwide Brokerage Service, Day Trading Brokerage
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