Foreign Exchange Market Statistics 2000-2013

The Forex Market

The Forex (Foreign Exchange) market is a decentralized, over-the-counter (OTC) financial market where currencies are traded. Operating 24 hours a day through an electronic network of banks (ECNs), Forex is one of the most liquid and dynamic markets in the world. Daily trading volume is estimated to exceed $4 trillion, with the vast majority—approximately 90%—driven by speculative trading, primarily from day traders.

Structure of the Forex Market

The modern free-floating Forex system began in 1971 following the collapse of the Bretton Woods agreement. Online retail Forex trading gained momentum in the late 1990s with the advent of internet-based platforms. The Forex market operates continuously from Sunday at 5:00 PM EST to Friday at 4:00 PM EST, starting in the Asia-Pacific region and moving through the Middle East, Europe, and North America in a 24-hour cycle.

InstaForex Rating Review -Using the Formula V.4.0.

InstaForex Rating Review based on the Forex Brokers Formula v.4.0.

InstaForex Rating Summary

The sum of each Main Factor of InstaForex Rating Analysis (1, 2, 3, 4)

» Visit InstaForex

Forex Market Historical Volatility Research (2000–2013)

This study examines the historical volatility of the most actively traded currency pairs in the Forex market over a broad timeframe, from January 1st, 2000, to August 2013—a period spanning approximately 13.5 years.

• Data: Daily data 1/2000-8/2013
• Sample: EUR/USD | USD/JPY | USD/CAD | USD/CHF | GBP/USD | NZD/USD | AUD/USD

Measuring Historical Volatility

Volatility in the Forex market is assessed using models based on the Average True Range (ATR) indicator.

What is ATR (Average True Range)?

Developed by J. Welles Wilder and introduced in his 1978 book "New Concepts in Technical Trading Systems", the ATR is designed to measure market volatility by accounting for price gaps and daily trading ranges.

Wilder defined the True Range (TR) using two primary methods:

• Method 1: Current High – Current Low
• Method 2: Current High – Previous Close

Trading System Name: TradeMiner

• System Type: Forex Research Service
• Platforms: Any PC running Java
• Markets: 24 Forex Pairs | Stocks | Futures
• Buy Now: $97 for Each System (One-Time Fee)

TradeMiner Basic Information

TradeMiner is a trading research system developed by Gecko Software. TradeMiner is a professional market research tool that identifies market cycles and historical trends over time. The system can be used to analyze Forex, Stocks, or Futures. The product can be bought for $97 (individual price for Forex, Stocks, or Futures System). Traders may purchase all three systems for $197. TradeMiner does not charge any additional monthly service fees.

AvaTrade RATING REVIEW -Using the Formula V.4.0.

The following Rating of AvaTrade is based on the Forex Brokers Formula v.4.0. published on the affiliated TradingCenter.org.

AvaTrade Rating Summary

The sum of each Main Factor of AvaTrade Rating Analysis (1, 2, 3, 4)

Expert Advisors on FxPros: Million Dollar Pips Review

Million Dollar Pips is an automated Forex scalping robot developed by William Morrison, designed specifically for trading the EUR/USD currency pair on a 1-minute chart. Known for its tight risk controls and high-frequency trading strategy, this Expert Advisor is fully compliant with the US National Futures Association (NFA) standards.

Overview: Million Dollar Pips EA

• Developer: William Morrison
• Trading Strategy: Scalping on 1-Minute EUR/USD Chart
• Trading Platform: MetaTrader 4 (MT4)
• Regulatory Compliance: NFA-compliant
• Pricing: $99 (One-time payment)

» The Million Dollar Pips Website

How Does Million Dollar Pips Work?

Million Dollar Pips operates as a scalper, executing rapid trades on the 1-minute EUR/USD chart. The robot is programmed with a low risk-to-loss ratio, placing stop-loss orders close to the trade entry point. It actively scans the market for favorable conditions and initiates trades based on short-term price breakouts.

Each trade includes predefined Stop-Loss and Take-Profit levels, dynamically adjusted based on current market conditions. As with most scalping robots, Million Dollar Pips performs best when left to operate without manual interference.