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The currency market is over 200 times BIGGER! It is HUGE!But hold your horses, there’s a catch!
That huge $7.5 trillion number covers the entire global foreign exchange market, BUT the “spot” market, which is the part of the currency market that’s relevant to most forex traders is smaller at $2 trillion per day.
And then, if you just want to count the daily trading volume from retail traders (that’s us), it’s even smaller.
It is very difficult to determine the exact size of the retail segment of the FX market, but it’s estimated to be around 3-5% of overall daily FX trading volumes, or around $200-300 billion (probably less).
So you see, the forex market is definitely huge, but not as huge as the others would like you to believe.
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