简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Saxo Bank has reported a total monthly trading volume of $460.4 billion for March, which is the highest since April 2020. With the latest numbers, the broker closed the first quarter of 2021 with a significant surge in demand for retail trading services.
The overall trading demand on the platform jumped significantly.
However, equities demand slowed down.
The overall trading volume in March jumped by more than 9.8 percent when compared to the previous month. And, the jump in trading activities was 17 percent on a year-over-year basis.
Additionally, the overall daily average volume strengthened to $17.1 billion from the previous months $15.1 billion.
Forex Demand Skyrockets
Foreign exchange (forex) trading pairs, which is one of Saxo‘s top offerings to retail traders, were traded for $152.2 billion in volume. It was 35 percent higher than the previous month’s volume, but around 10.7 percent lower than the trading volume of March 2021.
The daily average for forex instruments came in at $6.6 billion, which is up from the previous months $5.6 billion.
Coming to the equities offering, the trading demand with the instrument fell last month. The total trading volume with equities trading instruments came in at $231.7 billion. Demand for equities trading on Saxo saw a downfall in two consecutive months now, 8 percent from February and over 20.5 percent from January.
Commodities trading demand again surged to $67.6 billion from the previous months $43.9 billion, whereas trading volume with fixed income dropped by 18.5 percent.
Earlier this year, Saxo released its yearly financials for 2021, reporting a marginal increase in revenue, but presenting flat profits. Meanwhile, the client number on the trading platform jumped by 19 percent.
Other retail trading platforms have also witnessed a massive jump in client activities over the past few months. Exness, which has operations in Europe and other emerging markets, closed in March with $2.48 billion in trading volume.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Understanding when key news releases occur, identifying the most impactful ones, and effectively trading them while managing risk can set you apart from the competition. This article delves into these aspects, helping you navigate the complexities of trading forex on news releases.
The Relative Strength Index, short for RSI, is primarily used to evaluate the strength of bullish and bearish forces and measure the momentum of price changes in terms of speed and magnitude.
Every successful day trader adheres to a set of strictly followed trading systems and commonly used technical indicators, and moving averages remain a popular choice due to its user-friendly nature and high practicality. By using moving averages, traders can smooth out time fluctuations and more easily identify the future price trend, thus, featuring a higher rate of successful day trading.
This article outlines the history of Ponzi schemes, highlighting the infamous Charles Ponzi, Bernie Madoff, and beyond.