Preface
The foreign exchange market has been particularly active since the 1970s and, like the rest of the world, has gained popularity in the United States over the last 40 years. Brokers have developed an easy-to-use online trading platform that simplifies the trading process and makes it available from almost anywhere in the world.
Who trades forex?
There are many players in the forex market, but there are also many types of players. Some of the major types of institutions and traders in the forex market are:
Commercial banks and investment banks
The largest amount of currency is traded in the interbank market, and banks trade currencies with each other and through electronic networks. Large banks make up the majority of total currency trading volumes, facilitating clients’ forex trading and speculative trading from their own trading desks.
Central Bank
Central banks, which represent their governments, are important players in foreign exchange and open market operations, and their interest rate policies have a significant impact on currency rates.
The central bank fixes the price of its currency in foreign exchange. This is the exchange rate at which your home currency is traded on the open market.
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Investment managers and hedge funds
Portfolio managers, pool funds and hedge funds make up the second largest group of players in the foreign exchange market after banks and central banks. Investment managers exchange currencies with large accounts such as pension funds, foundations and endowments.
Multi national company
Companies engaged in imports and exports use foreign exchange trading to pay for goods and services, and companies trade foreign exchange to hedge the risks associated with foreign currency conversion.
Individual investor
The volume of foreign exchange trading by individual investors was initially small compared to financial institutions and companies, but it is rapidly gaining popularity.
Therefore, large financial institutions and banks may have been responsible for a significant portion of transactions in the forex market, but retailers make up the majority as modern technology makes it available to a wide range of customers. I am.
It’s much easier to become a forex trader today than it was 30 years ago. All you need to start trading is internet access, related software (usually a free download), and a broker account.
read more: Risk management during forex trading..
How many Forex traders are there in the world?
According to modern trader research and research papers, the forex market has become the world’s largest financial market, with average daily trading volumes from about 1.2 trillion in 1995 to 5.1 trillion in 2016 and about 2021. It has grown to 13.9 million online traders.
Considering the 13.9 million online traders in 2021, this means that there is one trader for every 561. According to research, traders are usually men between the ages of 25 and 50.
Number of US Forex Traders
Currently, it is estimated that there are over 2 170,500 individual Forex traders in North America. There are about 868,200 people in South America and 484,745 people in Central America.
There are more than 4,630,400 traders in Asia, more than 2,170,500 individuals in Europe, and an additional 1,403,590 in the Middle East. 1881 100 in Africa 274930 in Oceania.
How many forex traders are there in the USA? Source link How many forex traders are there in the USA?
https://californianewstimes.com/how-many-forex-traders-are-there-in-the-usa/501196/
2021-08-27 07:29:19Z
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