September 11th, 2013 → 6:11 pm @ reacoms // No Comments
FOREX Trading in NUTSHELL
Forex trading is for those who enjoy speculation and the potential for huge returns. The foreign exchange currency market is the largest financial market around — trading daily amounts between 4.0-5.0 trillion USD. These figures are 35 times larger than those of the NYSE (New York Stock Exchange) and even 4 times larger than the world GDP!
Forex is the most liquid market in the world, thus making it easy to trade most currencies.According to the Wall Street Journal Europe, the most commonly traded currencies on the Forex market are the U.S. Dollar (USD), the Japanese Yen (JPY), the Euro (EUR), the British Pound (GPB), the Canadian Dollar (CAD), the Australian Dollar (AUD), and the Swiss Franc (CHF). Here is a small infographic which pictures who trades forex more than anyone else in this planet.
Key Points Relating FOREX Trading:
1)Deutsche Bank has the highest market share (15.18%) in Forex Trading
2)United Kindom has the highest percent of market share (32.4%) than any other country in the world
3)Top 10 financial insitutions accounts for more that 75% of the daily total forex trading volume.
4)The five major Forex trading centers are London, New York, Tokyo, Sydney, and Frankfurt.
5)The three major Forex trading countries are the United Kingdom (32.4%), the United States (18.2%), and Japan (7.6%).
Tags: forex trading, wintrader, xentel, xentelfx