answersLogoWhite

0

How many forex traders are there?

Updated: 9/18/2023
User Avatar

Wiki User

11y ago

Best Answer

Since you can open a Forex account through the internet and from any country in the world, there is no record on how many traders there are.

My guess will be tens or hundreds of thousands of traders.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How many forex traders are there?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How many forex traders in the world?

There are about 30,152 registered Forex traders in the world but if you want to include non registered too it would be over 96,000.


Is Forex is a permanent business?

If you know how to trade and if you can consistently make profits then forex can become a permanent business. There are many traders who offer managed accounts and their only business is trading forex.


Which is the best forex blog?

There are many. Use ones written by experienced Forex traders sharing their knowledge, with useful info and tips that are updated frequently, and where you can get for free some useful Forex trading tools.


How do Forex Trader pay taxes?

Forex is tax-free and forex traders do not need to pay tax. Keep all your money for yourself.


Where can one find information on the best forex trader?

The OANDA company publishes statistics about Forex Traders online. On their website one can find an overview of the most profitable traders in the market.


What is the best Forex platform out there?

There are many different forex trading platforms that traders can use. New traders most commonly use the metatrader 4 platform, it is very easy to use and has good charting software. You can do more research yourself by looking at forexbrokercomparisions.


Forex is money factory?

Forex, or foreign exchange, is a decentralized global market where the world's currencies are traded. While it is possible to make money trading forex, it is not a guaranteed "money factory." Forex trading can be very risky, and many traders lose money. Success in forex trading requires a lot of knowledge, skill, and experience. Traders need to be able to analyze market trends, understand economic indicators, and manage risk effectively. Without these skills, it is easy to lose money in the forex market. You can learn anything about forex including from books, articles and many others. My recommendations is 𝗵𝘁𝘁𝗽𝘀://𝘄𝘄𝘄.𝗱𝗶𝗴𝗶𝘀𝘁𝗼𝗿𝗲𝟮𝟰.𝗰𝗼𝗺/𝗿𝗲𝗱𝗶𝗿/𝟰𝟭𝟱𝟱𝟵𝟬/𝗷𝘂𝗻𝗶𝘁𝗮𝗲𝘀/ . I hope you can find your favorite answer about forex.


What is the Forex Trading Strategy?

A Forex trading strategy is a technique used by traders to analyze the market and its movements to make profit. It is different for every traders in the market. All traders follow different strategy.


Who is the best forex trader in the world?

Merlin ------------- I suggest you to go with google search for better forex traders like Integerfx etc.


How can you find out online where is the best Forex broker?

There are several websites that list the top 10 Forex brokers according to specific criteria. Some of these websites include Money, Smart Money, Daily Forex, and Forex Traders.


Which platforms offer managed Forex trading?

There are a few platforms which do offer Forex trading. Here are a few examples: "FOREXYARD", "Ducascopy Bank", "Eagle Traders", "The Forex Village" and "PFGBEST".


Four Common Misconceptions About Forex Exchange?

As forex exchange trading becomes more popular, an increasing amount of misinformation becomes available. With many traders and "experts" giving conflicting advice, it can be difficult to know who to listen to. This is why it is important for forex traders to separate the truth from the myths, and get the real low-down on forex exchange.The Four Most Common Forex Exchange Misconceptions:1. There is little risk in forex exchange. This is probably the most commonly held misconception. Because there are so many people interested in the forex market, many entrepreneurs and companies are looking to make a profit off of beginners. Unfortunately, they do this by telling beginners what they want to hear. However, the forex market does pose a risk to inexperienced traders. Even experienced traders will sometimes find themselves making a few bad trades, as the market is sometimes unpredictable.2. Traders never have to pay their broker a commission. Some brokers charge commission, while others charge a spread. While a low spread may not cost a trader much, frequent trades will increase the amount that you pay. No broker is going to operate completely free of charge.3. Successful stock brokers will instantly enjoy success in forex exchange. Forex is complicated, unpredictable, and much different than the stock market. While a person that invests in the stock market may be at an advantage, they too will have to take the time to get to know the forex market.4. Traders need to pay for or discover a complicated strategy to be successful. While many companies would like traders to believe this, it is not necessarily true. No strategy will ever be 100% effective, as there is no possible way to accurately predict the market 100% of the time. To be successful in forex exchange, you must watch the market, frequently check on your trades, and be willing to take risks.When following the right advice, many traders will discover that forex trading is not as difficult as it may seem. In order to be successful in forex exchange, traders first need to get their facts straight and steer clear of these common misconceptions.