Forex trading is one of the most popular forms of investment and is known for its high liquidity and volatility. The forex market is open 24 hours a day, five days a week, and is traded globally by individuals, banks, corporations, and governments. The trading volume in the forex market is immense, and it is estimated that more than $5.3 trillion is traded daily in the market. In this article, we will explore the actual trading volume per day in forex in 2017.
Forex Market Overview
The forex market is decentralized, which means there is no central exchange or clearinghouse. Instead, the market is made up of a network of banks, financial institutions, and individual traders who trade currency pairs electronically. The forex market is open 24 hours a day, five days a week, and is traded globally by individuals, banks, corporations, and governments.
The forex market is the largest financial market in the world, surpassing even the stock market. It is estimated that more than $5.3 trillion is traded daily in the forex market. The forex market is also highly liquid, which means that traders can buy and sell currency pairs quickly and easily without affecting the price.
Factors Affecting Forex Trading Volume
The trading volume in the forex market is affected by several factors. The most important factor is the global economic and political climate. The forex market is highly sensitive to changes in the global economic and political climate. For example, if there is a major economic or political event, such as a presidential election or a financial crisis, the trading volume in the forex market may increase significantly.
Another factor that affects the trading volume in the forex market is the level of volatility in the market. The forex market is known for its high volatility, which means that prices can fluctuate rapidly and significantly. When the market is highly volatile, traders may be more active in the market, which can increase the trading volume.
Actual Trading Volume in Forex in 2017
In 2017, the actual trading volume in the forex market was estimated to be around $5.1 trillion per day. This is a slight decrease from the previous year, where the trading volume was estimated to be around $5.3 trillion per day.
The decrease in trading volume in 2017 can be attributed to several factors. One of the main factors is the decrease in volatility in the market. In 2017, the forex market experienced lower levels of volatility compared to the previous year. This may have caused traders to be less active in the market, resulting in a decrease in trading volume.
Another factor that may have contributed to the decrease in trading volume in 2017 is the increase in regulation in the forex market. In recent years, there has been an increase in regulation in the forex market, which has made it more difficult for some traders to participate in the market. This may have resulted in a decrease in trading volume.
Conclusion
The forex market is the largest financial market in the world, with more than $5.3 trillion traded daily. The trading volume in the forex market is affected by several factors, including the global economic and political climate, the level of volatility in the market, and the level of regulation in the market. In 2017, the actual trading volume in the forex market was estimated to be around $5.1 trillion per day, a slight decrease from the previous year. However, the forex market remains one of the most popular forms of investment due to its high liquidity and volatility.
