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which country trades forex the most

Discussion in 'Beginners Bootcamp' started by Carollynne, Feb 2, 2012.

  1. Carollynne

    Carollynne Private

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    Hi, I'm doing some research into Forex and wondered if anyone could help me. I am trying to find out which country trades Forex the most i.e. which nationality is the most active in their Forex trading.
    Hope someone can help.

    Many thanks


    Carollynne
     
  2. RahmanSL

    RahmanSL Major

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    Interesting question indeed!

    Well, based on population, I would say China with population of 1.3 billion, followed by India with 1.22 billion....but then, it's all rather subjective and depends largely on their population earning & spending power.

    For now, I would say the USA, USSR, EU, GB, CAD, AUS, JPY......etc.

    For country with the most brokers, Russia takes the cake as they seems to be churning them out by the day.

    But, I am very sure some other FPA members will be along soon and be able to provide an in-depth analysis of the forex population ;)
     
  3. Carollynne

    Carollynne Private

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    Thank you for your most helpful reply Rahman :)
     
  4. Pharaoh

    Pharaoh Colonel

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    In terms of total cash, my guess would be the US, Europe, the Middle East, and Japan. In terms of number of active retail traders - difficult question. I've seen country specific forums in local languages from all over the place. Southeast Asia seems particularly active.
     
  5. jake.fx

    jake.fx Recruit

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    China is becoming each day more active since metals trading were allowed.
    Regards.
     
  6. yideng

    yideng Private, 1st Class

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    actually US and GB have much more people working on forex, while not many Chinese are really in this investment.
     
  7. RahmanSL

    RahmanSL Major

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    If the revenues from the casinos in Macau is anything to go by, I would dare say in a couple more years the forex market will be taken over by Chinese traders/players. High risk and potential quick profits runs in the blood of every Chinese...and most Asian.

    If you check in various brokers' competitions, you will see that more and more competitors are from China....and from Thailand, India, Pakistan, Indonesia, Philippines, Malaysia, and even Vietnam.
    I would even venture that in a few more years, the forex market will be dominated by people from the Asia Pacific regions. It's just a matter of growing economic power from these fast emerging countries.

    They say that during an economic downturn, people tends to gamble more in the hope of striking big with what little money they have. This will hold true with forex too when more Asians discover that they don't need that much money to trade....exactly like gambling!
    =====================================

    With more and more graduates entering the job market, but with few jobs vacancies available, I believe these fresh graduates would make excellent forex traders.
    I am mulling with an idea of starting a "forex trading academy" (if you can it that:p) whereby I take in ten fresh graduates and put them on demo accounts for a few months or so. Those with most potentials will get to trade live accounts and get a percentage of the profits....with me looking over their shoulders and, if needed, to pull the plug if they go overboard:p.
    It's just an idea at the moment, but it's potentially possible and lucrative too....if those newbie traders fantastic performances on brokers' competitions are anything to go by!
     
    #7 RahmanSL, Feb 29, 2012
    Last edited: Feb 29, 2012
  8. Pharaoh

    Pharaoh Colonel

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    In a few more years, Asian currencies may be the only ones with any value. :p

    Mattress Bank - Now accepting deposits in Chinese Yuan.
     
  9. henyo

    henyo Master Sergeant

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    very interesting indeed, never thought of it but just like what rahman said, I was thinking maybe the US has has the most active traders, and maybe the UK, but I could be wrong, but for the past couple of years forex been spreading in asia like a freakin decease and i think thats good :) even indians trade fx even if there are like rules against trading forex :)
     
  10. tradeforliving

    tradeforliving Recruit

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    Hello, I would like to know if forex trading is legal in India?

    Hello, I would like to know if forex trading is legal in India? and is not what are the alternatives?
    Thank You!
     

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