How Bıg Is The Forex Market In Turkey?
What is Forexmarket? Forex is the long term expansion of the term Foreign Exchange. It has been the most preferred investment among all financial markets because of the high profitability with the advantages it has both in the world and in Turkey in recent years. Foreign exchange transactions are carried out bidirectionally on the Forex Market. As there is a leverage system in the market, you can start trading with a small amount of collateral and you can trade with the leverage ratio of the collateral you deposit. The profit and loss ratio also increases in parallel with the leverage ratio. It is possible to trade in Forex Market 24 hours a day, 5 days a week; This time is much longer compared to other financial markets.
How Much Is Forex Trading Volume In Turkey?
“ What is Forexmarket?” another issue that should be known after the question is the effect of Forex on Turkey. Turkish investors have shown great interest in the Forex market, especially since the regulations in 2011. If this year is taken as basis, the number of Forex Institutions in Turkey was limited to 6 before this date. Now this is the number 36! Forex investors in Turkey are now much more knowledgeable and act strategically. With the increase in interest in Forex in Turkey, the transaction volumes in these markets also vary greatly from year to year. It is stated that although the number of customers is not exactly clear and definite information, the number is about 70 thousand.
In the first six months of 2015, the transaction volume was reported to be 7.5 trillion. When we compare this number with the end of 2011, the gap is even clearer: an increase of up to 7.5 trillion from a transaction volume of 329.5 billion TL is evidence of how profitable Forex market is being valued.
“ What is Forexmarket and what is the transaction volume in Turkey?” You can find the answer in this article.