Forex Data How Much Lot Traded Worldwide

Forex trading is a popular investment option for many individuals and institutions worldwide. It involves buying and selling different currencies in the international currency market, and it can be a lucrative way to make money. However, forex trading can also be risky, and that is why traders need to have access to accurate data to make informed decisions. In this article, we will explore the forex data on how much lot traded worldwide.

Understanding Forex Lots

Before we dive into the forex data on how much lot traded worldwide, let’s understand what a lot is in forex trading. A lot refers to the size of a trade in forex. Standard lots are the most common size of a lot, and they represent 100,000 units of the base currency in a currency pair. Mini lots represent 10,000 units of the base currency, while micro-lots represent 1,000 units of the base currency.

Forex Data on How Much Lot Traded Worldwide

According to the latest data from the Bank for International Settlements (BIS), the average daily forex trading volume in 2019 was $6.6 trillion. This represents a 29% increase from the previous survey conducted in 2016. The data also revealed that the US Dollar was involved in 88% of all forex transactions, followed by the Euro (32%), Japanese Yen (17%), and British Pound (13%).

Forex Trading by Region

The BIS data also showed that forex trading is a global market, with different regions contributing to the overall trading volume. The Asia-Pacific region accounted for the highest share of forex trading, with a 36.1% share of the daily trading volume. Europe and North America followed with 34.1% and 16.7%, respectively.

Forex Trading by Institution Type

Another interesting aspect of forex trading is the type of institution involved in the market. Banks are the largest players in the forex market, accounting for 44% of the daily trading volume. Other institutional investors, such as hedge funds and pension funds, represent 16% of the trading volume. Retail traders, on the other hand, represent only 5% of the daily trading volume.

FAQ

What is the forex market?

The forex market is a global decentralized market for buying and selling different currencies. It is the largest financial market in the world, with a daily trading volume of over $6 trillion.

What is a lot in forex trading?

A lot in forex trading refers to the size of a trade. Standard lots represent 100,000 units of the base currency, while mini-lots and micro-lots represent 10,000 and 1,000 units, respectively.

Who are the largest players in the forex market?

Banks are the largest players in the forex market, accounting for 44% of the daily trading volume. Other institutional investors, such as hedge funds and pension funds, represent 16% of the trading volume. Retail traders represent only 5% of the daily trading volume.

Which is the most traded currency in the forex market?

The US Dollar is the most traded currency in the forex market, involved in 88% of all forex transactions.

Conclusion

Forex trading is a global market with a daily trading volume of over $6 trillion. The BIS data shows that the Asia-Pacific region accounts for the highest share of forex trading, and banks are the largest players in the market. The US Dollar is the most traded currency in the forex market. Traders need to have access to accurate forex data to make informed decisions and manage their risk. Terima kasih sudah membaca artikel ini. Silakan baca artikel kami lainnya untuk menambah pengetahuan kamu seputar investasi.