Forex Statistics on Global Market Shares
With forex being a 24-hour market for 5 days a week, the forex statistics on how the daily transactions are distributed per market are as follows:
34.1% of daily turnover is traded in London making it the leader in forex statistics for average daily turnover.
16.6% goes to New York which is the central leader in the American markets.
6.0% is traded in Japan which becomes the leader in the Asian market at the start of every trading day.
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Forex Statistics on the Top Currency Traders
Financial Institution Market Share
Deutsche Bank 20.96%
UBS AG 14.58%
Barclays Capital 10.45%
Royal Bank of Scotland 8.19%
Citi 7.32%
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Forex Statistics on the Most Traded Currencies
Currency % Daily Share
US Dollar 86.3%
Euro 37.0%
Japanese yen 17.0%
Pound Sterling 15.0%
Swiss Franc 6.8%
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Forex Statistics on Most Heavily Traded Products
EURUSD 27%
USDJPY 13%
GBPUSD 12%
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Other Interesting Forex Statistics
Foreign exchange trading increased by 38% between April 2005 and April 2006 and has more than doubled since 2001
Around 70%-90% of all forex transactions are speculative which means that the buyer or seller of the currency has no actual plans of actual delivery of the currency. The transactions were purely made on speculation that price values would change and profits would be gained.
80% of trading volume is accounted for by the 10 most active traders.
The above forex statistics show that forex trading is on the rise. And that more and more people are turning to forex trading as a speculative investment alternative. So read on and learn how you can participate in this highly lucrative investment alternative available today.