foreign currency market
In order to get a better idea about the real volume of a broker, it is better to calculate the average volume for a larger period of time, as daily and seasonal fluctuations will be less relevant. We think the AVDT becomes relevant when at least the last three months are being taken into consideration when calculating the average. In order for a forex broker to be considered large it must have an AVDT of at least one billion dollars more than 10,000 standard lots traded daily. Below you will see the biggest forex companies in the world by volume of daily transactions. We have separated the companies based on their location, as we have identified four major regions when it comes to forex brokers: United States of America, Europe, Australia and the Rest Of The World. The regions we identified have different regulation and the brokers in each region must abide by specific rules. The data presented on this article was compiled from different sources such as company presentations and other information found on the internet. The data is not audited and we cannot guarantee it is accurate. Please take the information about AVDT with a grain of salt as it may contain errors and inaccuracies. The strict rules and protection from outside competition had led to consolidation among local brokers, with the most important development being the acquisition of FXCM client base by Gain Capital also known as Forex. Right now there are only three forex brokers in the United States, and one of them is mostly an institutional broker Interactive Brokers, so retail clients have basically only two choices Forex and Oanda.
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Your trading psychology is what dictates how you interact with the market, and this psychology is almost entirely a result of how well you manage your money as you trade.
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It has just entered another one! I think it’s time to go live.
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foreign currency market