Nigeria, Thailand and Egypt among main sources of international forex traffic

A new report reveals some interesting data on the main sources of international forex trading. As might be expected, the big economies where English is the dominant language lead the pack. The United Kingdom and the United States are important sources of traffic for international websites of forex brokers, followed by other Western markets.

However, when you break down the numbers for each broker, emerging markets play a more important role for some brokers who focus on their region. For example, Nigeria is the first source of traffic for Alpari's English site, Egypt is number two for Alpari and FXOpen, and Thailand is number two for Pepperstone.

This shows the success of international brokers who are willing to invest in educating the local public to attract new traders. For example, Alpari has opened many trading classes in Nigeria and traffic shows that this is bearing fruit. However, it is important to remember that this traffic is mainly directed to the broker's website, and much of Alpari's traffic comes from its Russian website thanks to the community of independent states (former Soviet republics).

This is the latest publication of traffic indices, a new interprofessional benchmark, created using a methodological formula that processes data from three sources: broker trading volumes, broker traffic data and privileged information.

The data used to create this report is based on an analysis of English-based website traffic in September.

In today's business world, analyzing data and accessing objective information sources is crucial to success. It is for this reason that a set of indices was created encompassing various aspects of the online trading industry.