Where are the Biggest Forex Trading Centers in the World?
A lot of people are wondering about where the biggest forex trading centers in the world are located. It is not a secret anymore that forex market trading is a really great business where money seems easy to make. Here is the answer of that question about the trading centers of forex that you may need.
1. United Kingdom
It is quite obvious that the United Kingdom or the UK is the main forex trading center in the entire globe. Almost 37% of the daily global forex forum in the world happens in the UK. The UK becomes one of the main forex markets in the world because the pound sterling or the currency used in the UK is a main currency as well to be traded in the market. Besides of that, London is also the financial captial in the world. To this day, the London forex market has the highest volume of averafe daily trading, with $1,854 billion of money get traded every single day. Interesting Facts about Forex Industry Everyone Should Know
2. The United States of America
With the popularity of USD or US dollar, it is no secret that the USA is one of the biggest forex trading centers in the world. Today, the United States of America or the USA becomes the second biggest forex market and trading center in the world. The USD or the US dollar is absolutely a main currency to trade in the market and that is why USA becomes one of the biggest forex centers in the world, with New York City as its financial capital. To this day, apparently 18% of the daily global forex business happens in the USA market and the amount of money produced from the average daily trading volume in this market reaches $904 billion every day.
Besides the UK and the USA, Japan is also a big market of forex. Japan, with Tokyo as its financial capital, is now currently the third-largest forex trading center in the world. Japan’s forex market is the place where 6% of the global forex business happens every day. Besides of that, the Japan’s forex market produces $312 billion as its average daily trading volume.
In the forex business, more than $4 trillion worth of money are being distributed every single day. That is why people are wondering about the business and they obviously want to know where the biggest forex trading centers in the world are located, just in case they want to increase their profits from the industry.
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