Statistics and facts of the Forex industry

Looking for extra income options or to become an independent trader and investor? Forex is a thousand opportunities to earn on the exchange rate fluctuations or on long-term investments with more than 100% annual return. It's a fascinating financial world where everyone can develop his intuition, and logical thinking, learn to control his emotions, and make money. There is no upper ceiling here - your result depends solely on you and your willingness to learn.

In this series of articles you will learn:

• What Forex is and how it works.
• Who are the participants in the forex market and what their role is?
• How to get among the 15% who make real profits from Forex?
• Facts about traders and trading.
• Top 10 curious stories and situations in Forex.
• This review will be interesting first of all for beginning traders.

Facts and figures about trading on Forex

Forex is an international currency market that works round the clock with the exception of weekends and holidays. There you can buy or sell practically any currency and earn on the difference in exchange rates.

For the preparation of information for this block we used information from the following analytical resources:

• Statistical data from research companies, analytical portals, and news agencies.
• Analytical reviews of central banks in the USA, Asia, and Europe. Analytical reports from institutional commercial banks.
• Quarterly reports from Bank for International Settlements (BIS).
• Information is updated every year.

Forex trading statistics. General Facts

There are more than 1000 assets in Forex that you can buy, sell or hold for long-term investments. These are currency pairs, commodity assets (metals, energy), cryptocurrencies, stock indices, and stocks. Shares are the most numerous category. The number of trading sessions is 4. Pacific, Asian, European, and American. Sessions overlap each other, and trade around the clock.

Facts about the Forex market that may be of interest to you:

1. There are more than 170 currencies available in the global forex market. But that doesn't mean that you can buy any of them. The range of trading assets is limited by the broker's functionality. Most brokers' arsenal is limited to 50-60 currency pairs, including cross rates. For example, the Roboforex broker has only 36 currency pairs.
   
   
2. More than 200 trading tools are free brokers' arsenal for making money on the currency markets. These include technical analysis indicators, charting tools, scripts, trading advisors, news feeds, heat maps, pip value calculators, volatility and correlation calculators, etc.
   
   
3. 5.5% of volumes on the Forex market are the volumes of private, retail traders. The remaining players are commercial banks and central banks, investment funds, and other legal entities. But this does not mean that the private trader will be cheated by the market maker at any time (as many beginners mistakenly think). Market makers are interested in short-term speculation. And private traders can also simply repeat market makers' strategies (trading along the trend, level breakout strategies).
   
   
4. 85% of Forex traders use the MT4 trading platform. And the MetaQuotes developer doesn't like it very much. The corporation makes every effort to move traders to MT5. However, traders do not see significant advantages and do not want to rewrite existing indicators, scripts, and strategies to the new code. In September 2022, Apple removed MT4 and MT5 from the App Store, following which the demand for a mobile application of another popular platform - cTrader increased.
   
   
5. 15% of traders work for a profit. And such statistics must be reported by brokers before opening an account at the request of the regulators. But this does not mean that it is impossible to earn on Forex. The fact is that this statistic is taken from the analysis of monthly plots. And it shows that many traders either do not want to study or quickly lose the earned money on emotions. After that, they leave the market and the next beginners come in their place. And only 15% of traders who don't give up and stay to gain experience eventually get profit.
   
   
6. Nearly 70% of traders work on daily charts, opening about 20-30 deals per month. About 8% are into scalping, bringing the number of trades up to 70-100 per day. 90% of scalpers' deals are opened with the help of trading advisors.

Also, if you want to use all available trading tools to increase your capital as soon as possible - follow this link below, or contact us via live chat. Our experts will help you to choose the best strategy for success.