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Forex trading volume exceeds $3 trillion daily

lil dickie said: "Thats a lot of quacamole! Forex trading is now at such a huge level that [url=http://www.businessday.co.za/articles/world.aspx?ID=BD4A557457]it has exceed $3 trillion daily[/url] [quote] Growth in electronic trading has probably helped global currency market turn-over reach as much as $3-trillion a day — a 50% jump in three years, a survey could show later this month. The Bank for International Settlements’ triennial foreign exchange survey is also expected to show that London further cemented its position as the world’s top foreign currency hub, and that trading picked up in emerging market currencies. But industry insiders say the survey — which tracks average volumes in the month of April — is less reflective of the market than it was a few years ago, as it skims over certain key trends: changes in turnover from day to day and the fact that the number of trades has risen faster than their value .[/quote] Wow. Volume up 50% in three years and rising."

Pb3190 said: "Forex is a very liquid market with some nice perks, though I still find stocks more interesting."

AlfredSokol said: "No doubt stocks are more interesting. That's the reason I never quite get going on Forex. You're flipping currencies. Nothing that amazing about it. That said: look at the friggin' potential though! $3 trillion changing hands daily."

Pb3190 said: "Great potential, but to some extent I enjoy researching stocks and new ideas. Sure, it is a lot of staring at a screen, but forex seems much worse in that regard to me."

Fluidollar said: "yea I agree with the above posts...forex IS kind of boring. Nevertheless, the currencies trend well with so much liquidity, guided by supply and demand."

lil dickie said: "The market is only going to get better as business gets even more global. Companies need to manage forex more than ever before."

sax1 said: "I am learning about currency trading right now, as it is harder to make money in the stock market. From what I read, this market is huge. Most banks make some of their money this way."