
GBPUSD On Track To Settle Above 1.3700
The British pound sterling continues to keep a bullish hold. After failing to [...]
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.
Friday, 02 Sep, 2016 / 8:50
GBPUSD On Track To Settle Above 1.3700
The British pound sterling continues to keep a bullish hold. After failing to [...]
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