Newbie Question...please answer

Hi there! Newbie here

I have few questions to ask...

1. What is the size of FX Retail Market
2. What is the market share per FX brokerage firm
3. What is the average trading size of the average FX retail trader

Hope to hear from you guys..

1. http://en.wikipedia.org/wiki/Foreign_exchange_market

2. not sure how you can get accurate data for this, although I am sure it is available. You could get a rough idea about those sites, of which many are brokers, that attract the most traffic. Check out http://www.forexontop.com/

3. perhaps when you progress from 'newbie' (no disrespect, we were all newbies once), you may realise that this question is a little bit irrelevant. Amount risked per trade might be more appropriate, and of that, I have absolutely no idea. I'd say that you shouldn't be focusing so much on what other people are doing, at least not the majority, because the majority fail spectacularly and probably because they risk too much. If you're in this gig to make money in the long term, as you ought to be, then you should be risking pennies until you know you can turn a profit. If you can't make a profit with pennies then what are the chances you are going to make a profit with $$$'s?

There has to be a reason behind your questions, which is probably aimed at finding the largest retail broker out there, most likely for "safety" reasons, if i guess correctly.

is that where your post is heading ?

enjoy and trade well

mp

Thanks guys! I do appreciate it.
For mp - you can say it’s for ‘safety’ purposes. But there’s something deep.
Thank you very much again.