Mille Lees Mille Lees, Monday 30th March 2020, 11:40 AM CEST
Chinese Traders

As the end of the 1st quarter fast approaches, many are looking at the most recent CPattern data released from the last two months of 2019. The question on most minds is how did 2019’s main trading industry metrics end?

Average Deposits for Forex

The average deposits for November and December were in the $2,000 – $2,500 range and that was actually consistent throughout the entire first half of 209. However, in terms of deposits and withdrawals when compared to December of 2018, the volume of withdrawals decrease. 2018 also saw the size of withdrawals increase to an average of

When compared to December of last year, a noticeable decrease in the value of withdrawals can be observed. While in 2018, the average withdrawal stood at $3,547.7, however single withdrawal were closer to the $2100 mark, meaning that the average withdrawal saw and increase of $309.9.

FX Activity Based on Averages

The second half of last year saw a slowdown amongst retail traders, so much so that those countries in the top 10 were experiencing slowdowns since early July and by December, had dropped to only 126 per client

Forex Activity in China

Asia had the largest number of traders active last year, specifically, China. There was one occurrence in March where the volume of trades dropped below 100 trades. However, this was insignificant as in august of 2018, traders placed an average of 188 transactions.

Once again, the world is watching Chine, but this time, it is not for the same reasons. Whether the coronavirus, or the spreading of it, had an impact on these numbers is unknown as of yet. It will not be until the first two months of 2020 that a better picture of this will be formed once reports are in.

The reality is, having access to data and analysing it in an objective manner is critical for success. However, this has been a task that has proven to be costly and challenging if not outright impossible. Yet, with the most recent FM Indices publication, many of whom consider it to be an industry benchmark in terms of social media, CFD trading, Forex and cryptocurrencies.

Based on that, there are multiple new projects in the works that use a set of indices that include various industry aspects to provide traders with data based on analysts and how they evaluate the industry, which will be a tool that proves to be valuable in the future.

Mille Lees

Author: Mille Lees

Millie has been with whichbroker.com since the start. She has a passion writing financial news after an internship at Bloomberg London. Millie's background in journalism and politics means she has an eye for a good story. Millie graduated from LSE and has a masters from Durham University England. Mille Lees can be contacted at [email protected], View all posts by Mille Lees

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