Most of us know all about the largest financial market in the world - The foreign exchange market or just known as “FOREX” or “FX” with its absolutely enormous day trade volume of approx. 5 TRILLION Dollars! But, let me identify the Big Players underpinned with some figures. I would like to describe as well some influential people of this rocking business. It might be interesting for newcomers and the circle of interested people.
- Did you know that … (?) ... The United States of America easily is the most dominant player on the FOREX market. While the United States only has one trader in the top five FOREX market traders and holds over 24% of the the entire FX daily trading volume.
- Did you know that … (?) ... The United Kingdom is also another major player on the FOREX market. Much like The United States, the United Kingdom also has a major trading center in London. The United Kingdom has approximately 22% of the daily trading volume. The United States and United Kingdom hold positions 3 through 10 on the FOREX top currency traders list. It seems as other countries in the world do not have a large effect on the FOREX market, but do not be fooled.
- Did you know that … (?) ... Germany holds the top spot in the FOREX traders list, and Switzerland holds the second spot on the FOREX list. These two companies make up over 36% of the daily total volume of the FOREX trading market.