Which country trades forex the most

Beginner Questions
28

Boy, was I wrong about stock exchanges!

I just took a look at share trading volumes for 2010, and there has been a major re-shuffling of the world’s exchanges, in terms of the annual dollar-value of their electronic order books.

Here’s a screen-shot —

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Dollar amounts are shown in millions of USD.

So, the NYSE figure is $17.80 trillion/year, Nasdaq is $12.66 trillion/year, etc.

The big change is that Shanghai and Shenzhen have taken over the #3 and #5 spots, dropping London from #3 to #6. Tokyo has held onto the #4 spot. Other surprising changes took place over the 4 years from 2006 to 2010.

Figures for 2011 should be released by the WFE in the near future.

The screen-shot shows only the first 21 exchanges in the WFE ranking. Refer to the source-document for a complete listing.

Here’s a link to the WFE webpage where you can download the source-document for the screen-shot shown above —
WFE - Total value of share trading — After you download the spreadsheet, you have to scroll to the right to find this particular list.

Apologies to the original poster for getting way off-topic.

29

THANK YOU Clint.

This information tells me two things:

1 - The Americans are the wiser!!!

2 - I WAS RIGHT (that other ‘stuff’ doesn’t count)!!!

Andrew: here’s a present for you. Behold:


The NASDAQ doesn’t hold the same appeal for me i.e. no people (trading floor) but is also ‘right up there’ nevertheless:


And last but not least by any means:

ds2.jpg700×469 42.2 KB

But in APPEARANCE there is nevertheless some competition I’m afraid to say:

10 Coolest Stock Exchange Buildings | Mademan.com

All in good fun Andrew (our bet still stands yes)??? LOL!!!

Regarding the bet: we’ll have to think about that carefully and ‘reach an accord’!!! LOL!!!

Thanks Clint.

Regards,

Dale.

Edit:

And oh yes: apologies to the thread starter too although I think they got their answers (and me too) thanks to you Clint. And besides: it doesn’t do any harm to ‘broaden your horizons’!!! LOL!!!

30

[B]The UK still has the biggest banks![/B]

Growing up and living half way between New Jersey (home of the New York Giants) and Foxboro (home of the New England Pats) I naïvely always assumed the US was the biggest and the best in everything. Including banks. LOL

So a few years ago when I came across a list of the biggest banks in the world ranked by assets I was surprised to see the UK was still the leader in the world of banking.

Here is a link to the Top Banks of the world. Top Banks in the World 2011

31

Yeh well: that’s a bit of a ‘sore point’ with me right now.

Just last night it was reported on Bloomberg TV that Bank of America is considering selling off all of their commercial real estate (office premises???) except for two!!! LOL!!!

That should make Mr. Gecko’s day!!!

Regards,

Dale.

Edit:

Well at least Bank of America still ‘features’ on that list of yours!!! LOL!!! Not sure for how much longer though. Nice to see Citi there STILL!!! LOL!!!

32

No, no, no, Dale. The coolest stock exchange building is the Milan Stock Exchange, where they make it perfectly clear what they think of their customers —

818×620

33

ROFLMAO!!! LOL!!!

Now THAT is too much!!!

What’s the bet it’s also the reason I usually get ‘shafted’ BADLY whenever I trade the MIB40!!! That explains it all!!! LOL!!!

Regards,

Dale.

34

Actually Clint (and while we’re all taking advantage of your knowledge and insights):

Does there exist statistics for the success / failure rate of Equities and Commodities Traders (you know: like the ‘generally accepted’ Spot FOREX 95% / 5% statistics)???

THIS information I’ve looked for myself many times (yes: to prove a point but that’s besides the point) but to date I’ve never found anything based on more than pure assumption or speculation (no pun intended).

Regards,

Dale.

36

In terms of currency trading, the biggest player in the interbank network continues to be Deutsche Bank.

Here are the top 10 currency traders for the past 3 years —

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37

I’m not aware of any such statistics, and wouldn’t know where to go looking for them. Sorry.

As for that 95%/5% so-called forex statistic, I don’t trust it.

I think the 95% failure rate includes too many casual observers, forum visitors, fellow-travelers and trader-wanabes — who call themselves “forex traders” for a time, because they like the way that sounds, and then just wander away because they were never serious about pursuing this activity as a business.

Also, I have never seen the definition of “success” that the “5%” supposedly have achieved, or the definition of “failure” attached to the “95%”.

Is “success” defined as a lifetime record of better-than-break-even live trading?

Is “failure” defined as a lifetime record of break-even, or worse, in live trading?

Now that the CFTC requires U.S. retail forex brokers to periodically post statistics on the number of retail accounts which are profitable, and the number which are unprofitable, some people are referring to an 80%/20% ratio, because that’s approximately the average of the reports filed by the biggest brokers — 80% losers and 20% winners at any given time. I think even that figure needs to be taken with a grain of salt.

Statistics like those are great for debates, and for bar-room betting. Beyond that, who cares?

One thing is certain: A hell of a lot of people got attracted to forex trading because some advertiser, or marketer, or seminar presenter convinced them that the failure/success ratio was [B]exactly reversed.[/B] I’ve sat in on a few such sales presentations, where the uninformed were led to believe that forex trading (using some whiz-bang secret software) was a “can’t-fail” proposition.

I’m sure that everyone who ever got duped in one of those sales presentations is being counted in the 95%/5% so-called statistic. But, how does that give us any useful information regarding the nature of forex trading, and the risks inherent in it? It doesn’t, in my opinion.

Wow. I didn’t think a simple reply to your question was going to turn into this rant. I’ll stop now.

38

O yeah the bet is still on mate :slight_smile:

Good job it doesn’t go just on stock exchange volume then!

London will continue to be the financial, cultural, and fashion capital of the world!

Bring back the Empire!

God save the queen

lol

39

PMSL That is the funniest thing I have ever read in my life! Amazing! LOL

40

the most volume of forex trading is in UK and the biggest player in the interbank network is Deutsche Bank but i don’t think European country have the most traders. there are big players there not traders ! you guess which country has more forex trader?

41

Good morning.

Thanks Clint (once again).

I’ve debated this same issue (well: the ‘bandied about’ 95% / 5% Spot FOREX Loss / Win statistics anyway) on another thread and someone (I THINK it was Jay i.e. eremarket but if not my apologies to whoever made the point) noted that no matter what the statistics say (let’s say even the 80% / 20% you’ve mentioned): nobody knows just how many of the 95% (or 80%) have actually put in the time and effort to learn to trade as opposed to just ‘jumping in’ in the hope of ‘getting rich quick’ or falling for those ‘sparkling’ advertisements or seminars. Anyway: your ‘rant’ as you call is is well warranted!!! LOL!!!

For interest sake: I’m going TRY to find out what the statistics are for Spot FOREX vs. CFDs but a) I’m not sure it’s available and b) it would come from only two brokers and c) I’m not sure if such information would be made available to me even if such detailed information exists (while I like to THINK I OWN my beloved broker, and it’s new offspring, I unfortunately don’t. Well: I don’t OWN ‘the mother ship’ anyway)!!! LOL!!! But then again: the above (first paragraph) would still apply I suppose.

Thanks for all your input.

By the way: NOT to question YOU but I just HAD to check on that Italian Stock Exchange picture. I mean: it’s not REALLY the type of thing that one would expect to see outside of a stock exchange let’s face it. As I’m sure YOU know: it’s a piece of artwork (statue) that was erected by some or the sculptor and placed there (I guess one could say it is the Italian equivalent of ‘Charging Bull’ although that statement in and of itself is sacrilegious to say the least) and apparently has been the subject of MUCH debate and the source of MUCH controversy and from what I gather it’s to be moved at some point (this year I think). I’ll say this though: they only have themselves to blame for their ‘troubles’ and high borrowing costs!!! LOL!!! I think I’ll wait for that statue to be moved before I ‘charge’ the MIB40 again!!! LOL!!!

Thanks again for everything.

Regards,

Dale.

42

Well now you see: this is where things get onto a bit of a ‘slippery slope’ where I’m concerned!!! LOL!!!

BELIEVE IT OR NOT: I consider Her Majesty to be my Queen (we used to be a Colony remember). I’m a Royalist and a VERY staunch supporter of The Royal Family. And I’m not joking either. Embodied in Her is ‘Greatness’. Prince Charles: I used have issues with. That was until I found out how much his ‘Prince’s Trust’ DOES. He ‘walks the walk’ and doesn’t just ‘talk the talk’. Alright: I’m not TOO sure about his taste in women but that’s none of my business really!!! LOL!!!

Other than Her Majesty: the only other person I’d be gob-smacked upon meeting (and have much the same respect for) is President Bill Clinton (and YES: TO ME he is STILL PRESIDENT Bill Clinton). Alright: I’d be gob-smacked if I met Britney Spears too but I’m sure you’ll understand what I mean here!!! LOL!!!

So. QUITE THE CONUNDRUM!!! LOL!!!

Tell you what Andrew. Let me get some LONG term charts of GBP/USD and see what my newly discovered (Wilder’s) Adam Theory of Markets tells me. Will you settle for PARITY with the USD??? (GBP/USD I mean)??? LOL!!!

Regards,

Dale.

43

LOL I myself like the Royal family and they are probably the only people I would ever be slightly be star struck by seeing.

Bring on the long term charts, £100 we don’t get to parity ever! You can pay me when we get to 2! Get your $200 ready to exchange! lol

45

The question is not about the most active pairs, but rather which countries trade the most.

46

My guess is they are mostly Asians , like Japanese and Indonesia.

47

No offense but there’s no reason to guess.

A great deal of effort has been put into this thread by Clint as but one example and all the information is there.

The point I’m trying to make is: before posting a reply (or a guess) READ THE THREAD FIRST!!!

By the way Andrew:

Did you know: today is The Queen’s SIXTIETH Anniversary as Queen (and the same day, obviously, that her father died).

(Don’t worry: I don’t keep tabs on these things i.e. it was on the news today)!!! LOL!!!

Regards,

Dale.

48

718×483

A slightly-star-struck Andrew (BigInTheCity) meets Queen Elizabeth.

49

Lol lol lol lol quality mate