I’ve just read a report on the retail market in the online FX world and the numbers are becoming quite staggering. One of the bigger US brokers turned over $260 billion in January and there are at least 5 major players in the US. Then there are all the other brokers in different locations around the globe.
I think in future, rather than worrying about what China, the BIS or some hedge funds are doing, we should be focussing on what the typical retail FX trader is doing.
