Tik Tok can only get new traders to the forex market who get scammed by fraudsters who promise easy success to them. The ones who are too naïve to understand the false promises often end their careers before they even start.
What do you think all the TikTokkers together they have in cash to move the Forex market ? Forex Trading Statistics Forex markets had a daily turnover of $6.6 trillion dollars in 2019, up from $5.1 trillion in 2016. The total value of the forex industry increased from $1.934 quadrillion dollars in 2016 to $2.409 in 2019. How Much Is The Forex Market Worth In 2022 The worldwide 2022 forex market is worth $2,409,000,000 ($2.409 quadrillion). $6.6 trillion on average every day is traded on foreign exchange markets. This is significantly higher than the previous analysis done by the Bank for International Settlements (BIS) in 2016 when it was valued at $1.934 quadrillion dollars. The forex market is the largest financial market in the world in terms of trading volume, liquidity and value. Unlike other markets such as equities, the forex industry is the only financial market with 24/7 availability. Not surprisingly, spot forex is the most popular asset class with $2 trillion worth of spot transactions traded daily in foreign exchange markets. After spot fx, the instruments with the largest daily turnover are: Forwards $1 trillion Foreign Exchange Swaps $3.2 trillion Currency Swaps $108 billion Options and others $294 billion As the largest financial market in the world, forex market participants are mainly financial institutions such as hedge funds, investment managers, multinational corporations, as well as commercial, investment and central banks. Retail forex trading only accounts for a mere 5.5% of the entire forex market globally. --------------------------------------------------------------------------------------------------------- Size of the Forex Market 1. According to BIS’s 2019 triennial survey, trading in FX markets reached an incredible $6.6 trillion per day in April of 2019. 2. The worth of the entire global forex trading market is estimated to approximately $2.4 quadrillion – in other words, around $2409 trillion.Some forecasts, such as the one from the IMARC group, predict a compound annual growth rate of 6% in the next five years. 3. Global GDP in 2019 amounted to roughly 142 trillion dollars – meaning that the annual turnover of the forex market is almost 17 times larger. Some forecasts, such as the one from the IMARC group, predict a compound annual growth rate of 6% in the next five years. 4. The forex market dwarfs even the largest stock exchanges in the world – for example, Nasdaq has a daily volume that averages around $200 billion. 5. Over 170 currencies are traded on the global forex market. Some forecasts, such as the one from the IMARC group, predict a compound annual growth rate of 6% in the next five years. 6. Although it is already immense, the forex market hasn’t slowed down or become sluggish. Some forecasts, such as the one from the IMARC group, predict a compound annual growth rate of 6% in the next five years 7. The Forex market is the largest and most liquid asset market on earth. 8. Retail Forex trading – that is to say, trading that is done by individuals, accounts for only 5.5% of the entire Forex market. Large institutions are still getting the biggest slice of the cake – thankfully, it’s an enormous cake. 9. Five businesses maintain a 40% share of the global Forex market, according to Euromoney magazine’s 41st annual FX survey released in 2019.
Yes, there can be scammers on any social network, and not only on Tik Tok. But forex works as it always did. Only naive people and their capitals are ruined, who believed the scammers and decided to make a lot of money on forex quickly.