Forex Blog: Currency Trading News & Analysis.

March 15th 2006

Online Currency Trading explodes in popularity

As global debt and equity markets have stalled, many institutional and retail investors have turned to currency trading. In fact, forex trading volume typically exceeds $50 Billion per day among retail investors. At the rate at which it has been growing, it will not be long before forex volume surpasses turnover on the New York Stock Exchange, which averages just over $60 Billion daily. In addition, investment banks have identified retail currency trading as a key driver of revenue growth. Retail investors have been drawn in by such factors as low commissions and the ability to leverage. CNN reports:

“If you look at retail trading platforms, significant trading volumes are being put through. It’s a new market and a new clientele. I think they are having an impact on volume,” said Roger Hawes, global head of spot FX trading at Royal Bank of Scotland.

Read More: Risky business: Currency trading gets popular

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Posted by Adam Kritzer | in Investing & Trading | No Comments »

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© 2004 - 2018 Forex Blog.org. Currency charts © their sources. While we aim to analyze and try to forceast the forex markets, none of what we publish should be taken as personalized investment advice. Forex exchange rates depend on many factors like monetary policy, currency inflation, and geo-political risks that may not be forseen. Forex trading & investing involves a significant risk of loss.