WOW! Forex Trading Sets New Records
September 16, 2007
Semi-annual Forex trading volume data was published, and the Forex market has continued to grow. Trade volume is up across the board, and trillions are changing hands every day. Truly incredible what forex trading online can net you in the long run. USD/JPY is the most traded currency by online forex traders. Here are the details the growth of FX trading and where the most volume is being dealt (on the interbank level):
Currency Trading Volume or Turnover per Day
UK: $1.33 trillion in April, up 21% from last year
http://www.bankofengland.co.uk/markets/forex/fxjsc/fxturnresults070731.pdf
US: $618 billion in April, up 6.6% from last year
http://www.newyorkfed.org/fxc/2007/fxc073107.pdf
Japan: $240.3 billion in April, up 19.2% from last year
http://www.fxcomtky.com/reports/pdf_file/announce56_e.pdf
Singapore: $233 billion in April, up 40% since October
www.sfemc.org/statistics/Semiannual_surveyApr07data.doc
Canada: $55.5 billion in April, up 5.5% from last year
http://www.cfec.ca/files/cfec_webtablesapril07.pdf
January 26th, 2009 at 4:20 pm
Really am astonished how much money can be made from trading the forex. Thanks for update
January 26th, 2009 at 7:00 am
Do you think I can make millions trading forex? Someone teach me how!!! I’m sick of this losing bulklcrap!
January 25th, 2009 at 7:30 pm
I always thought trading stocks was as good as it gets, I now know FOREX IS BETTER THAN STOCKS!!!
January 10th, 2009 at 8:39 am
Forex really is a monster of a market, it will be trillions of dollars a day soon.
January 9th, 2009 at 9:58 am
hooray for Forex, i love it