The Largest Foreign Exchange Market in the world is…
HotForex - What's now?
After 12 years of rapid growth and becoming a truly global broker of choice with over 3.5 million live accounts opened, on May 2, 2022, HFM is entering a new era with a new name, HFM. Go to the page here to find out more about the new brand.
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Forex Fact! The net average daily turnover during April 2016 in the UK foreign exchange market was $2,426 billion!
In 2016, the UK was the Largest center of Foreign Exchange Activity with 37% of Global Turnover.
It is the fact proved with the number. London Exchange Market is one of the Largest(or the Largest) in the world.
Over 8 billion dollars of transactions made in 2016, London Market’s share is quite big.
But do you know what this means for Retail FX traders?
More Transactions More Merit
By the data, it is known that the London and New York Exchange Markets are the Largest market in the world.
Together, these markets cover majority of world’s market share.
This also means that the opening hours of London and New York Exchange Market are the Best time to trade Forex for retail traders.
It is because High Transaction Volume leads to
More Liquidity and Less Slippage Amount
Tighter Spread among all currencies
Especially day traders and Scalpers may benefit from this conditions even more.
HotForex MT4 with Tight Spread
HotForex offers Tight spread from 0.1 pip.
It is the average spread during normal hours though, during the opening hours of London and NY exchange markets, the spread is even more stable at the lowest.
If you haven’t considered the hours of trading for your Investment, maybe now is the time to upgrade your trading skill!