15 facts about Forex Trading There are several astonishing facts about forex.The forex market is the most liquid in the world.The forex is a dynamic market with a world of its own.So, why not know more about the industry.Here I’ll share 15 facts about forex trading.So, let’s dive into further details. Saqib Iqbal 14.12.2021 174Content Forex sees a massive daily volume Forex trading started longer than you think It trades in pair 170 pairs to trade FX market circles around USD The UK is the heart of the forex market 85% of FX trading occurs in the forex majors No wild west swings in forex No vanishing mode for forex You can start with minimum capital Only 5% of retail traders make the market Deutsche Bank is the largest forex dealer Only 5% of traders survive the market 44% of forex traders are millennials Women are better traders than men China has the most forex reservesForex sees a massive daily volume As I told you earlier, forex is the most liquid market.You may have heard this fact.Whenever you search for forex, this fact comes up.Let’s see how big the market is.The market is genuinely gigantic when we compare it with others.Imagine a situation where there are two boxers.One is in red and one in blue.On one side, there’s a giant.And on the other side, there’s a baby.It is the best analogy for comparing forex with other markets.Every day, the FX market sees about $6 trillion in transactions.Money just floods in from Monday through Friday.It is a massive sum of money.That is why forex is known as the world’s largest market.To give you an idea, trillions have 12 zeros in them.If we compare, the stock market would see $25 billion in daily transactions.As a result, the market offers several options.You and I can also get our hands on this massive market.And we can make some cool pips in the process.Further reading Moon Bitcoin Review 2022 (True Or Fake) Should I register an account on the Block Option? 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Features of Islamic accounts for trading in binary options and Forex Learning to use the Economic calendar in binary options tradingForex trading started longer than you think The origins of forex date back to ancient times.No, I’m not joking!Let’s rewind the clock and go back in time.Forex, according to some, dates back to biblical times.The Egyptian money market traced back to the fourth century.As we evolved, so did our way of doing trade.FX began in the Netherlands 500 years ago, astonishing if we’re talking about recent history.It happened because merchants wanted free trade.By 1875, we had a standard Gold system in place.With the Bretton Woods system in 1944, the gold standard ended.We had free-floating exchange rates in 1972.Further reading OCTAFX – OVERVIEW OF THE TRADING PLATFORM Binotrade - binary options broker review Volume Based Trading Techniques (Volume Indicators) How to make money on binary options without any investment? CXMARKETS BROKER REVIEW 2022: COST AND BENEFITS Close Option - binary options broker reviewIt trades in pair You trade two currencies in forex.They are base and quote.Let’s see how forex trades in pairs.On the broker’s platform, you’ll see pairs.On the left side, we have a base, while on the right, we have a quote.You buy the quote with base currency.So that’s how forex trades in pairs.I’ll explain this in simple words.When you go abroad, you use the country’s currency.You buy one currency in exchange for another.So, there is an exchange involved.Further reading Doubtful regulation of the CROFR AdvCash – Successful withdrawal of funds. Offshore payment card The "Roof" strategy of trading on the futures market THE POCKET OPTION REVIEW 2022: PROS & CONS What Is FOREX? Unknown Facts & Figures (The Ultimate Guide) A scalping strategy for options170 pairs to trade There are many pairs to trade.Did I tell you there are 170 FX pairs?If I haven’t then let me explain:FX pairs have backing from the state.They don’t just pop out one day and decide to list themselves.Every country does trading.So, they buy something and also offer something.When countries do trading, they exchange currencies.Now what’s important to mention are the types of FX pairs.They are majors, minors, and exotics.The critical element is majors are USD.It’s in all of them.Minors comprise developed nations’ currencies.They include EUR/JPY, RUR/CAD, EUR/GBP, and many more.The minor volume FX pairs are exotics.They are super volatile.And can raise to 100 to 200 pips in a day.Examples include; USD/SEK, GBP/ZAR.So, you have a plethora of choices for the FX market.Further reading IS QUOTEX A SCAM?? READ THIS BEFORE TRYING THE BROKER IN 2022 How Long Does It Take To Get One Bitcoin? 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What do we know about them?FX market circles around USD Well, you don’t have to have an Einstein brain to understand this fact.The US is the largest economy in the world.All trades happen in USD.Let’s dig deeper into this.I mentioned the types of pairs above.Whatever occurs in the US, the FX majors can go wild.One good example of this is the US president tweeting.The POTUS tweets some random thing about USD.The USD would strengthen, and others would become feeble.So the USD would grow in comparison to other currencies.And this is only one example.Interest rates, inflation, and the economy in general.They all have an impact on the value of the US dollar.Further reading How to Buy Stripe Stock What to do if your broker refuses to pay you your earnings BinaryOnline - forex trading platform review Finmax binary options trading platform as is review Pip calculator Intrade.Bar is a transparent binary options brokerThe UK is the heart of the forex market You’re thinking about how this is possible.The US dollar receives the most significant attention.So, why is the United Kingdom at the core of the currency market?Well, let’s find out.First, London has long been a worldwide trade powerhouse since Britain Empire.It involves more significant currency exchange transactions.So, FX plays a gigantic role in the UK.Further reading Trading strategy on a fractal reversal with the RSI filter Take-profit and stop-loss on the IQ option platform! Live Currency Heat Map Investors take Forex platform ROFX and its founders to court The most popular trading assets for binary options How can be cheated the binary options trader85% of FX trading occurs in the forex majors As I mentioned above, USD is the sun of the market.All others are planets revolving around it.FX majors have $ in them.So, it’s a match made in heaven.The highest volume comes from seven forex pairs.These seven pairs are EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD, USD/CHF, and USD/CAD.The highest volume comes from seven forex pairs.As you can see, they are all major economies.So, their trading activity is massive.Further reading Trader’s profitability Calculator What Is Online Wealth Market (The Full Review 2022) Binarycent an automated binary options broker review (US, CA, AU) Binary options Brokers rating 10 TradeFX - a regulated broker for the forex market, CFDs Top 10 Fun Facts About Forex TradingNo wild west swings in forex Probably, you would have seen your positions go up and down.But did you notice forex pairs making crazy moves?Yeah, the market can make wild swings, but very often.Why is that?The forex market comprises fiat currencies.The states are backing these currencies.Whenever something happens, central banks intervene.They took drastic measures to stabilize currency rates.When this happens, the forex market doesn’t go all yahoos.So, that’s how forex tends to stay calm.It is an excellent advantage for you.You can hold or take positions easily.However, one can’t get away from losses.Further reading EasyOption - cryptocurrency binary options What does a forex trader do? What is forex trading? 11 Best Paper Trading Apps (Trade With No Risk) MBA Forex Blamed CBN Because Of Inability To Return Funds EXANTE BROKER REVIEW 2022: COST AND BENEFITS 110 Trading Quotes to Set You on the Road to SuccessNo vanishing mode for forex Unlike a magic trick, forex will never vanish.One can argue conventional currencies are not the future.It is, however, doubtful.Let’s take a look at why.First, currencies are the symbol of a country’s culture and identity.These things do not vanish.GBP, for example, isn’t going away anytime soon.It depicts how the United Kingdom interacts with its international economic partners.So, we have a forex market as far as we have currencies.Three cheers to forex!!!Further reading The 80/20 rule In Trading. How To Implement It? Convert Satoshi to Bitcoin and Bitcoin to Satoshi CalculatorYou can start with minimum capital Now you can open a forex account with a minimum of $5.Nope, it’s not a joke; it’s a fact.Some brokers allow you to start trading with only $5.However, this wasn’t always the case.To begin forex trading in the 1970s, you would have needed millions of dollars.The major participants were financial institutions back then.Only a handful of retail traders were trading.With the internet boom, the market became accessible.Now, you don’t need significant capital.You only need internet, a PC or a phone and voila!Only 5% of retail traders make the market While it is easy to enter, only 5% of retail traders are successful.So, what’s the reason behind this?The reason is financial institutions.These financial institutions are the big fish.These fish have big sums to spend on.And they are the ones who control the forex market.So, the next time you see a trade going you, chances are it’s because of big fish.Deutsche Bank is the largest forex dealer When talking about big fish, Deutsche bank is the largest.Do you think why the German Bank is at the top?Well, the German investment bank is one of the largest banks in the world.It has been around since 1870.It has a 21% share in the foreign exchange market.That’s massive!Only 5% of traders survive the market Forex is a dynamic market.It has large sums, but most traders don’t get the market.Let’s see why.Forex depends on several factors.Economic data, geological situations, even natural disasters can impact currencies.Many traders think it is an easy market.So, they enter without analyzing these factors.And that’s when they lose.According to stats, 95% of people fail.44% of forex traders are millennials The adrenaline rush of forex isn’t for the faint-hearted.That’s why many people want to hop on the forex train.Let’s dig a bit deeper into this.44% of forex traders are between the ages of 25 and 34.With the market easily accessible, many young people are joining in.Plus, many young people are looking to diversify their investments.So, forex provides them with plenty of opportunities.Women are better traders than men We’ve all heard about men’s success tales in the forex industry.Women, on the other hand, are statistically better traders than males.So let’s take a look behind the curtain.Women outperform males in forex trading.Women are better traders than men by 1.8%.However, women trade way less than males.China has the most forex reserves While USD is the most popular currency, China has the most forex reserves.You didn’t see that coming, did you?Well, it’s no surprise!China’s economy has been on the rise since the 1980s.They started accumulating forex reserves for the betterment of the economy.So, they increased their USD reserves.According to an estimate, China has $3399 billion forex reserves.Bottom lineSo, there you have it!Now you can impress anyone with these 15 forex facts.