With a last name like Ninja, I decided long ago to specialize in espionage. And with my first name being Forex, you guessed it, my other pasison was, well, anything and everything forex. Naturally, I decided to combine my two loves into one, "spying" on the forex industry (and telling you about my findings on this blog, Espipionage). This blog is dedicated to giving traders the inside scoop on developments in the forex industry, such as changing broker regulations and new forex products and companies. I also profile existing companies that are making an impact in the forex world all for your benefit. Set your night vision goggles ON. It's Spy Time!
A quick look at the table above shows that November 2012 wasn't exactly the best month for retail traders as volumes slipped by 6% from the previous month and plummeted by a whopping 11% compared to November last year.
Despite the increase in average daily trades from the previous month, the drop in November trading volume was enough to drag down average retail trading volume for the entire year. On top of that, the average number of retail trades per day was 22% lower compared to November 2011.
For institutional traders, the November trading metrics were somewhat mixed. Compared to October 2012, we can see significant improvements across all metrics such as total trading volume, average trading volume per day, and average trades per day.
However, in comparing November 2012 institutional trading metrics to that of November 2011, we can see declines across the board. Average daily trading volume ($4.1 billion in November 2012) is down by 41% from the previous year while the average number of trades (9,837 trades in November 2012) is 67% lower.
In a nutshell, there seems to be a downturn in forex trading activity, particularly in the retail sector which showed declines from the previous months and the past year. Do you think that this is just a seasonal effect brought about by the recent holidays or does it hint at weaker trading activity in 2013? Let us know by voting through the poll below!
Related Posts:
- FXCM's Forex Trading Metrics for November 01:46 21 December 2011
- Trading Activity in FXCM and IG Group Continue to Fall 00:05 23 January 2013
- FXCM June Metrics Are Out! 20:42 17 July 2012
- Two Retail Forex Brokers Start 2013 With A Bang! 01:19 13 February 2013
- FXCM's Trading Volumes Are Down! Is Everything Okay? 04:26 24 October 2012
