Binary Options Trading Volume in Japan Declines in September, Forex Steals the Show

According to data published by Financial Futures Association of Japan (FFAJ), binary options trading volume has dropped by 16% in September, when compared to the previous month's data. Foreign exchange trading volumes ballooned higher across major brokerages in the region. Apparently, the sharply increased volatility during the month of September has pushed more traders to traditional spot FX trading.

According to sources close to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates, binary options trading volume across the industry have in fact benefited from the general increase in volatility during the month of September. The case for more traders turning to traditional instruments can only be made for the Japanese market, as its structure is different and Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term is very popular in the country.

As a result, many traders who have chosen binary options to play the market during the times of low volatility might have returned to the traditional foreign exchange market in September. There is currently no clear trend indicating where we are heading next month, however, we should expect a slight rebound from here as the number of active accounts has actually risen.

Active binary options trading accounts have increased to 16,315, which is up by 4% month-on-month and an all-time high since official number reporting by the FFAJ started in December 2013. Another special factor during the month has been the departure of Planex Trade from the binary options business. The effect shouldn't be material, since the company's offering was added only this summer.

Trading volumes by currency pair remained structurally unchanged with the bulk of the volumes read across the USD/JPY, GBP/JPY and the EUR/JPY, with the EUR/USD getting an additional boost from higher volatility throughout the month of September.