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Forex trading increased by 300% during coronavirus pandemic
- Monday | 3rd August, 2020
As those familiar with what is forex trading surely know, the past few months saw massive growth across a variety of trading platforms and commodities. For example, trading broker IronFX reported a month-to-month growth of 25-50% in forex accounts. According to their report, trading volumes also rose sharply between March and June, increasing by approximately 300% over those three months. Over the past decade, average daily forex trading volume increased by no more than 40%. Lockdowns and social distancing mean market volatility will remain high, and remote work will keep traders focused on forex markets.
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