Being a Forex Trader, you must know the facts and statistics of the Forex market to trade successfully and to generate sound profits. Therefore, you will become a pro trader, when you will keep an eye on the critical and indispensable facts and statistics of the market.
This is a 2021 guide, which will drive you deep into the facts and statistics of the Forex market. The data, facts, and figures are realistic as they have been taken into account after deep research and study.
“Facts and statistics is the structure of science.”
Forex Trading Facts And Statistics
The largest and leading financial industry in the entire world is the FOREX market. The daily and regular amounts of money transaction is over $3.2 trillion. This figure consists of the forward transactions, forex swaps, and gaps as over $360 billion, 1.7 trillion, and $129 billion come from these factors respectively.
Further, spot trading contributes $1 trillion of transactions in the Forex industry. This figure has proceeded from the dealer transactions of approximately or over $427 billion. The other financial industries also contribute $394 billion and a contribution of $184 billion from non-financial traders.
“Facts come from the perpetuity of theories while the statistics have outliers.”
Depth of daily turnover
Forex market is an immense ball of trading and is 35 times larger than any other financial market. From the statistics from 2001 to 2009, it has been analyzed that the daily turnover in the Forex industry is increased from $1.2 trillion to $6.6 trillion. In 2020, there was a decline of 6% in this market but there will be a huge flood of income in 2021. Currently the worth and the value of the Forex industry is $2.4 quadrillion.
Interesting Fact
The only market, which operates by the needles of the clocks 24 hours a day, is the Forex market excluding the weekends and the vacations.
The statistics from 2016 to 2019
In 2016, the turnover of the forex market was $5.1 trillion on regular basis and then in 2019 it was $6.6 trillion. Thus, there was a sharp increase in the worth of the Forex industry from $1.934 quadrillion to $2.409 quadrillion.
There is a huge diversity of currencies in the Forex market as 170 different currencies are dealing in this market. The US dollar makes 88% and the other 7 pairs of currency make 68% of Forex trading.
FOREX in 2021
According to the statistics of 2021, the value of the Forex industry is $2.4 quadrillion on an international level and $6.6 trillion has been traded on daily basis. BIS had conducted an analysis in 2016 and according to that report; the market was worth $1.93 quadrillion at that time and currently, the market is facing a significant increase.
Because of heavy trade volume, liquidity, and worth, FOREX is considered the greatest and a giant of all the financial markets.
Market Share of FOREX: The transactions of Forex are conducted in the United Kingdom and the US by 34.1% and 16.6% respectively. Further, the market share of this industry is divided as follows:
Market Share (by %)
| Country | Market Share |
| Switzerland | 6.1% |
| Japan | 6.0% |
| Singapore | 6.0% |
| Hongkong | 4.1% |
| Australia | 4.2% |
| France | 3.0% |
| Germany | 2.5% |
| Denmark | 2.2% |
| Other locations | 6.0% |
Depending upon the statistics of the Forex market, it can be said that the biggest traders are the banks, financial and investment sectors.
With the passage of time and the extensive growth of technology, these facts and statistics will become bigger and enormous as it has become possible for people to trade in Forex due to the availability of online technology.
Last Considerations
As seen so far, FOREX market is the largest in the world bringing in central banks to retail traders. However, the outbreak of COVID-19 in 2020 is a factual thing but there was a slight impact of this pandemic on the Forex trade and the market was quite stable.
The year 2021 is expected to be stable for this industry.
This 2021 guide aims to help the current as well as the future traders of this industry to analyze the statistics of FOREX and its trading strategies before going into a trade.
“Statistics and facts always depict you the true picture, so there is nothing more elusive than an evident fact.”