Once in three years Bank of International Settlements publishes the Survey of Foreign Exchange and OTC Derivatives Markets Activity. According to the results, as of April 2016, average daily turnover in global foreign exchange markets is estimated at $5.09 trillion. In 10 years the turnover rose by more than $5 trillion, while by the end of the decade it may reach $10 trillion.
The trend is positive, the numbers are impressive, unfortunately, it has little practical value. Degree of forex appeal differs greatly from country to country due to numerous factors such as cultural assumptions, financial literacy, health of economy, political and regulatory regime.
The developing countries are regarded as having the biggest potential for brokerage companies for good reason. The interest in the speculative currency trading is growing strongly. For example, since 2012 the forex trading has become twice as popular both in South Africa and Thailand.
For that matter, Argentina is an unfortunate exemption. Due to dire state of the economy, aggravated by political turmoil and declining living standards, the Argentinians lost their appetite for currency trading after the global financial crisis.
Most western countries have mature forex industry. There is a stable high interest for forex trading in Sweden, while according to Investment Trades survey, the number of active forex traders has increased in the US for the first time since 2012. It is hardly surprising as traders are looking for yields in the environment of zero or negative rates and low returns from traditional investment instruments.
Forex Trends in USA
It is vital for any broker to know the markets with the growing interest in forex trading. Otherwise their marketing budget will go down the drain. To get the insight, B2Broker carries out surveys and looks into current trends in forex industry. Not only do we create brokers, but also help them to earn more through taking informed decisions. We know how to build a truly effective marketing campaign and make the best use of it.
Please feel free to contact us:
👉 www.b2broker.net
👉 +44 207 043 71 76
👉 sales@b2broker.net
