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      • Total Trader
        • Introduction to Forex Training
        • Brief History of the Forex Market
        • Why the Forex Market, and not stocks or others?
        • What is traded and how ?
        • Market Size and liquidity
        • Speculation
        • Different Ways to Trade Forex
        • When are the good times to trade?
        • Which pairs to trade?
        • How is Money Made in the Forex Market
        • How to Read a Forex Quote
        • How to Read a Forex Chart – the basics
        • Important Forex Terms
        • Central Banks
        • Types of Orders
        • Limit Entry Order
        • Demo Account vs Live Account
        • Choosing the right broker
        • Basic MetaTrader 4 Functions
        • First Functions
        • Technical Analysis
        • Technical Strategies
        • Trading Indicators
        • Trading Strategies
        • Cowabunga System
        • Simple Scalper
        • Pivots and Candles
        • Finding important price levels
        • Popular Candlestick Formations
        • Candlestick Cheat Sheet – Print this
        • Fundamental Analysis
        • What is the Elliott Wave and how does it help?
        • The 5-3 Wave Pattern – What is it and how to find it
        • The Three Basic types of Corrective Wave Patterns
        • The Grand Super Cycle – Waves within waves within waves
        • Applying this to Your Forex Trading
        • Money Management
        • Risk Management
        • Other Elements of Risk
        • Risk Management for Dummies
        • Psychology of Trading
      • Forex Education
        • What is Forex?
        • History of the Forex Market
        • How does Forex Trading work?
        • Forex Pricing
        • Spreads
        • Pips
        • Margins
        • Common Order Types
        • What influences buying and selling?
        • Forex Terminology
      • Glossary
        • What is Forex?
        • Glossary of Forex (Foreign Exchange) Terminology
      • Economic Forex Calendar
      • Bookings
      • Trading Workshop
      • How-To Documents
  • FAQ
    • What is the minimum deposit?
    • How much does JP Markets charge for training?
    • What documents are required to open an account?
    • I don’t receive any mail in my name – what can I submit as proof of address?
    • I just tried to login and it says invalid login/password/no connection
    • How do I fund my trading account?
    • Can I fund my account using Bitcoins?
    • What reference must I use when I make a deposit?
    • What is the turnaround time for my deposit to be allocated and reflect in my account?
    • My deposit has not reflected on my account – what is the problem?
    • I just downloaded MT4, why can’t I place any trades?
    • I forgot my password for the client portal.
    • I forgot my password for my trading platform.
    • How do I request a withdrawal?
    • What is the turnaround time for a withdrawal?
    • How long does it take for a withdrawal to reflect?
    • Can I withdraw a bonus?
    • How much is a spread?
    • Does JP Markets have control over the spread/platform?
    • How much is a swap?
    • Pending order expiration
    • Does JP Markets give signals to clients?
    • Does JP Markets buy Mandela coins?
    • How do I become an Introducing Broker (IB)?
    • What different account types does JP Markets offer?
    • What is the difference between ECN and Standard accounts?
    • How much is the commission on an ECN account?
    • Why was my stop loss / take profit not hit?
    • How does JP Markets make money if you are offering free courses and your clients are “profitable”?
    • Who regulates JP Markets?
    • How much money can I make if I deposit X amount?
    • I want to start trading but I don’t know how?
    • Do I have to pay JP Markets for theirs services other than my investment?
    • Can JP Markets trade on my behalf?
    • Does JP Markets make any deductions for taxes on the money I make/withdraw?
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The Growth of Forex Trading

Published by JP Markets on 16 Mar 2020
Categories
  • Blog
Tags
  • 24-hour market
  • financial market
  • forex market
  • Forex Trading
  • Growth
  • low capital requirement
  • low transaction costs
  • trade
growth of forex

It can’t be denied that Forex trading has gotten the attention of many aspiring traders from all walks of life. Hailed as the biggest financial market in the world, the Forex market has enormously grown in the past few years.

According to a report by the Bank of Settlements (BIS) published in September 2019, the daily global Forex trading turnover has jumped to $6.6 trillion from $5.1 trillion three years earlier. That’s equivalent to a 30% increase between two periods. Furthermore, the report showed that the U.S. dollar remained to be the most-traded currency during the period.

With that being said, the growth can be attributed to the number of interesting participants continuously growing over the years – from Southeast Asian countries like Malaysia, Indonesia, Vietnam, to African countries like South Africa, Nigeria and Kenya.

Here some of the reasons why many have been taking notice:

 

Liquidity

The Forex market is known as the most liquid market which is an important factor for traders and investors globally. A liquid market environment allows huge trading volumes to occur with very little effect on price. When a market is illiquid, it is difficult to buy or sell assets in a timely manner. That in turn can be risky for any market participants.

Liquidity is something the Forex market can offer given its large daily trading turning of $6.6 trillion.

 

24-Hour Market

The Forex market functions 24 hours a day, which opens up a great opportunity for anyone who wishes to trade on a part-time basis. Whether in the morning, afternoon, or evening, the market is within your reach. The flexibility Forex trading offers is something you won’t experience in trading other financial instruments like stocks – which is open only for 8 or 9 hours.

 

No Intervention from Big Entities

This market is so huge with so many participants that no entity can corner it. This means prices are not controlled by anyone or any entity.

 

Low Transaction Costs

Trading with little costs is clearly an advantage. Unlike other markets which require you to pay several transactions fees, the Forex market charges you with very little costs for trading. A lot of brokers today, like JP Markets, assure traders with minimal fees just so they can grow their wealth more.

 

Low Capital Requirement

In Forex trading, you can start with as low as $50. This, again, is something other investment instruments like stocks and mutual funds don’t offer. The Forex market and the brokers in it have created such a great opportunity to diversify people’s investment portfolio without breaking the bank.

If you ask us if Forex trading will continue to flourish in the future, our answer is a resounding yes. The future looks really bright for this market, and the points we mentioned above are only some of the reasons why you should be part of it too. Now, it’s your turn to make a decision.

 

Forex Education

JP Markets is committed to providing only the best trading experience to its clients. We understand the value of education in Forex, that’s why our website offers an education section where traders in all levels can learn from beginners to advanced topics. Click here for more information

 

 

 

 

 

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