Top Locations in the Middle East for Trading
The Finance Magnates Intelligence Department completed an informative investigation regarding Middle Eastern trading. Enabling the CPattern Data Platform, they reviewed the trading metrics from September to October in the Middle East. It revealed new and unexpected information, with it being noted that retail trading is growing in this region. Average deposits were maintained by thousands of investors, with daily investments ranging around $2,400.00 through October. This was $200.00 more than the previous figures displayed throughout September 2019.
The information provided through CPattern Data noted that throughout the ten Middle Eastern countries, investors and traders with depositing with a percentage increase of 6.0%. This was fractionally higher than the 5.5% showcased through September 2019. When reviewing this investigation from FMIA, it’s mentioned that the most popular country for trading was Kuwait. An average of 7.5% in increased deposits and traders were displayed throughout this nation. Qatar fell shortly behind Kuwait, maintaining an average increase in trading of 7.3% monthly. Saudi Arabia remains in 3rd place, with increased trading valuations listed at 6.8%.
The Benefits for Middle Eastern Traders
Middle Eastern Traders have increased opportunities to earn profits of global trades. These top three positioned nations provide barrels of oil to North America, Europe, Australia and Africa. Derived in an area filled with conflict, this has stopped the increasing rise of Oil FX trading and contracts-for-trade. Going forward, the Finance Magnates Intelligence Department is launching a new project that will govern the trading statistics and data of Middle Eastern traders. Findings will be provided on a bi-quarterly basis.