Forex trading levels have increased during the pandemic

“FX trading has seen an increase of approximately 300% during the COVID-19 pandemic. The growth rates were more pronounced in developing countries, with traders’ accounts from Africa, Eastern Europe, and Southeast Asia making up 60% of the new accounts. Extensive growth such as this is rare for the forex industry. Over the past decade, average daily forex trading volume increased by no more than 40%,” according to a report published by the Paypers.


Different factors triggered this extensive growth in trading volume. One factor would be that people have been confined to their homes and have had more time to research and play the currency market. Forex trading has low transaction costs compared to other trading markets, which could have helped traders with low capital.

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