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More people than ever before are seeking to learn to trade forex, new figures from education specialist Learn to Trade has shown.
Trading in Forex, the world’s most widely traded market, has until fairly recently been largely reserved for banks and hedge funds. These statistics however, reveal an increase of 29.3% from individuals actively looking to trade and speculate on what the market is doing between March 2012 compared to March 2018.
Global Trading Director at Learn to Trade, Adam Truelove, said: “Trading is increasingly growing in popularity, with more and more people looking to understand the forex market, and the opportunities and risks that exist within it. In the past six years we have see an increase of almost 30 per cent in people coming to us and looking to learn about the market. Much of this change can be attributed to a growing general awareness of trading and more courses and training now available on how the market works and how to understand it.
“Another key factor in all this is big advancements in trading technology. Tools such as our charting software of choice, SmartCharts, are making it easier than ever before to access opportunities in the market, thanks to the intelligent algorithms and systems that run within it.”
Whilst it’s not just the forex market that people are now actively looking to to trade in, it is usually the preferred market for new traders. There are a number of reasons for this, including the smaller amount of capital required to start trading in currencies, it being available 24 hours a day during weekdays and the fact that you can trade easily from any location. The Forex market is also substantially larger than any other market and more liquid.
“Over the years many people have taken advantage of trading forex, and enjoyed the benefits of buying and selling currency within such an active market.” Truelove continues. “This high volatility in the forex market, allows people more opportunities to buy and sell across currencies, and is one of the reasons that we encourage all new traders to start out in this market.”
Forex is the most popular course that Learn to Trade offers, with thousand of people attending their free introduction to forex course every month. The company is also constantly developing and introducing more trading courses accross forex and all other markets to meet the growing need and interest in trading.
It’s not just the UK where we are seeing growth in this industry. Having initially started in England back in 2003, Learn to Trade is now operating in five countries across the world, with plans to open in further countries over the coming year.
“We are seeing interest in trading and markets growing across the globe, with South Africa, Australia, Spain and the Philippines being as popular as our UK courses, and some of the fastest growing areas for us. Making trading accessible and open to everyone that wants to, is something we are proud to be doing.” Truelove concluded.
For more information on Learn to Trade and the courses it offers visit learntotrade.co.uk
Learn to Trade is a forex education and training specialist. They offer a range of courses that help people learn about and understand the forex and other markets, and the opportunities and risks within it. Their courses run regularly across the country and are taught by trained and experienced traders. Set up in 2003 they have trained more than 250,000 people in forex and trading.
