84 Top Forex Statistics and Facts 2020
Forex trading statistics should be crucial part of your decision-making procedure so that you know what you’re letting yourself in for if you choose to trade Forex, or even if you are thinking about taking advantage of the opportunity.
This infographic about forex stats and facts was inspired by –
https://www.compareforexbrokers.com/forex-trading/statistics/
https://www.dailyforex.com/forex-articles/2020/09/forex-industry-statistics-2020/150275
https://tokenist.com/investing/forex-statistics/
Who in turn got their information from a variety of different reputable sources and thousands of forex traders. All Acorn2oak-fx have done is collate the information that is available on these three sites and put them onto one infographic.
Please refer to their web pages for original content.
Forex Stats and Facts 2020 in Text
Most Traded Currency Pairs
► 73% of the global Forex market transactions occur in the 7 major currency pairs –
(EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, USD/CHF, and NZD/USD).
► 27.95% EUR/USD
► 13.34% USD/JPY
► 11.27% GBP/USD
► 6.37% AUD/USD
► 5.22% USD/CAD
► 4.63% USD/CHF
► 4.08% NZD/USD
► The Forex market had a daily turnover of $6.6 trillion dollars in 2020, up from $5.1 trillion in 2016. An increase of 29.4%
► 170+ The number of different major, minor and exotic currencies in the global forex market.
► 5.5% The percentage that retail trading accounts for in the entire global forex market.
► 71% of retail forex traders lose money when trading forex.
► 24/7 Except for weekends, the forex market is the only financial market accessible 24 hours a day.
► 35 How many times larger the Forex market is compared to the stock market.
► 85% The percentage of traders that use Windows Desktop.
Most Traded Currencies
► 73.00% USD
► 39.70% EUR
► 25.70% JPY
► 20.70% GBP
► 11.48% AUD
► 8.00% CAD
► 7.00% CHF
► 5.70% NZD
► Men make up 86.7% of all traders.
► Women make up 12.4% of all traders.
► 88% of successful Forex traders currently use robots or EAs to help them be profitable.
► The Forex market is the largest financial market in the world. Its participants are primarily financial institutions including commercial, investment and central banks, investment managers, hedge funds and international corporations.
Number Of Trades Per Month
► 35% of traders make 4-8 trades per month.
► 43% of traders make 9-20 trades per month.
► 22% of traders make over 20 trades per month.
What Traders Look For In A Trading Tool
► Reliability 100%
► Functionality 85%
► Affordability 63%
Most Popular Trading Platforms
► 57% use MT4
► 19% use MT5
► 6% use cTrader
► 18% use a Broker’s proprietary platform
Can Trading Be A Full Time Job
► 12% Trading can be a full-time job
► 52% Spend 3-4 hours per day trading
► 28% Spend 1-2 hours per day trading
► 8% Spend less than 1 hour per day trading
Largest Forex Trading Centres – Share Of Global OTC Forex Turnover
► 79% of forex trading is carried out in five major financial hubs around the world – (United Kingdom, United States, Hong Kong, Singapore and Japan).
► 43.10% United Kingdom
► 16.50% United States
► 7.60% Singapore
► 7.60% Hong Kong
► 4.50% Japan
► 3.30% Switzerland
► 2.00% France
► 1.60% China
► 1.50% Germany
► 1.40% Australia
► 78% The percentage of traders who search for a broker using a mobile or tablet device.
► 88% of investors believe that they can get rich by trading Forex.
► 83% of Forex traders surveyed are very likely to use a Forex trading app in 2020.
► 72% The percentage of Forex traders had no experience trading any other markets before trading Forex.
► Although 29% of retail investors achieve capital gains, 99% of forex traders fail to make profits for more than 4 continuous quarters.
How Much Do Traders Risk Of Their Overall Budget
► 63.75% Risk less than 5%
► 13.00% Risk between 5-14%
► 6.75% Risk between 15-24%
► 2.10% Risk between 25-49%
► 0.40% Risk more than 50%
► 14.00% Not sure of the risk
► 70% use a live account
► 30% use a demo account
► Per annum the total value of the forex industry increased from $1.934 quadrillion dollars in 2016 to $2.409 in 2020. In other words – 2,409,000,000,000,000 dollars.
► 59.20% use an Android device
► 40.80% use an Apple iOS device
Length Of Time Trading Forex
► 53% Less than a year
► 39% Between 1-3 years
► 7% Between 4-10 years
► 1% Greater than 10 years
► UK is the leading country of online trading with more than 280,000 participants.
► 66% The percentage of traders that use daily charts.
► 10 Million The amount of forex traders around the world today.
► IC Markets is the largest global forex broker with an average daily trading volume of $18.9 Billion USD.
► 17 is how many times larger annually the forex market is that the entire Global GDP.
► 15% The percentage of Forex traders that make a profit.
Age Of Forex Traders
► 14% 18-24
► 45% 25-34
► 24% 35-44
► 11% 45-54
► 4% 55-64
► 2% 65+