Australian FX trading market ‘poised for growth'

Investment Trends senior analyst Irene Guiamatsia said the Australian FX industry has the opportunity to grow significantly during 2016, underpinned by the strong growth of the pool of next wave traders over the last 12 months.

"For the first time in four years, the number of people who stopped trading FX was matched by those who started or resumed trading," Ms Guiamatsia said.

According to Investment Trends' 2015 Australia FX Report, the number of people intending to place their first FX trade in the next 12 months climbed by 60 per cent compared to the previous year.

It also estimates 17,000 investors are expected to begin trading FX in 2016.

The FX Report also found there were 49,000 active Australian FX traders in 2015, remaining steady after a few years of contraction.

The report is an annual study of Australian retail FX traders, their attitudes, trading behaviour and future intentions.

The study was conducted throughout October and November 2015.

Adrian Flores

Adrian Flores is a deputy editor at Momentum Media, focusing mainly on banking, wealth management and financial services. He has also written for Public Accountant, Accountants Daily and The CEO Magazine.

You can contact him on [email protected].