Greenwich Associates released a report revealing that forex trading volume rose by 14 per cent from 2004 to 2005. Average foreign exchange trading volumes among fund managers and pension funds increased almost 48 per cent from 2004 to 2005, making up 20 percent of global trading volumes - up from 15 percent in 2005.
Volume from retail or day forex traders increased sharply, with trading from financial institutions other than fund managers, banks, hedge funds or insurance companies rising more than 40 percent from 2004 to 2005, according to the report from Greenwich Associates detailing this expansion.
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