📈2023: record‑breaking growth & profitable strategies in forex markets
🔹 Carry Trade Delivers Exceptional Returns
In 2023, the relatively calm currency markets fueled a resurgence of the carry trade—where traders borrow in low-yield currencies like the yen to invest in higher-yield rivals such as the Mexican peso. One notable strategy (selling JPY to buy MXN) delivered up to 44% gains within 12 months. Meanwhile, the Deutsche Bank EM FX Index jumped 6.6% in 2023, its best annual performance since 2017
🔹 Global Market Size Hits Unprecedented Heights
The total forex trading volume surged to a staggering $2.4 quadrillion in 2023, reinforcing forex as the world’s most liquid and dominant financial market. Notably, retail participation increased by 15%, bringing nearly 10 million new retail traders into the market. Algorithmic trades accounted for around 70% of total volume, up sharply from 55% in 2020.
🔹 Exness Sets New Retail Trading Milestones
Exness, one of the world’s largest retail forex brokers, reached new historic levels in 2023. It processed over $4 trillion in monthly trading volume by August and exceeded $4.8 trillion in October, serving more than 600,000 active retail clients monthly
