It is no longer a novelty of how Forex trading has become an important part of the financial industry. If we take countries in Africa, Asia a lot of people pursue a career as a trader and for some, it is a very exciting side hustle. You can certainly agree with them because it is a way of earning additional money. You are not required to be physically present somewhere - everything can be done from home.

If we take a look at the statistics, traders from the UAE are spending the most and they are followed by Asian countries.

Photo by Wael Hneini on Unsplash

For example, if we take June, the average Saudi trader sent $16,306 to a trading account.

There have been interesting developments that deserve close attention. Finance Magnates has carefully studied the latest data noting the key improvements. So where do forex traders invest the most?

The first thing that attracts attention is almost the same leading indicators. The average deposit, withdrawals and initial deposits range from $2,307 to $2,660. The lower value is the average size of one deposit sent to the account, and the higher value means the average amount of funds withdrawn.

It should be noted that the UAE has some of the best Forex brokers in the world. They have a wide variety of options, which are very popular among traders. Thus, it is not surprising that a lot of citizens are investing in Forex.

Another interesting observation is related to the activities of retail traders. For the third month in a row, the maximum activity of one trader is approaching 260 trades. In addition, the minimum value of this rating is stable at about 200 transactions. This is markedly higher than last year when even the highest value was below 200.

The first position was taken by China: on average Chinese traders made 241 and 270 trades in July and August respectively. The next places were taken by countries like Hong Kong, South Korea, etc.

If we talk about the average value of all deposits sent to trading accounts, the highest result was shown by Saudi Arabia. Brokers exploring the Middle East region will be pleased to learn that in June the average Saudi trader sent $16,306 to a trading account. Moreover, the next place is occupied by another representative of this region - the UAE, where the currency trader transferred more than $13,200 to the account.

Why the UAE is such a perfect place for trading?

First of all the main reason behind it is the huge economic advancement. The pace of development of trade infrastructure in the UAE is significantly ahead of the world. From 1994 to 2009, the world's exports grew by 120% to $11 trillion. During the same period of time, this figure in the UAE increased by 1500% to 14 billion U.S. dollars. The figures show that the policy of openness and simplification of trade procedures has given the UAE quite tangible results. It is much easier and more convenient to import and sell its products in the emirates or to re-export them than in any other country.

Trade in the UAE is constantly gaining momentum. In 2011, the volume of imports to the Emirates amounted to about 100 billion U.S. dollars. At the same time, exports exceeded 20 billion U.S. dollars. Experts expect that in the long term these figures will only grow. In many ways, this will be connected with the increase in re-exports. More and more countries are involved in trade with Dubai and other emirates. With the development of infrastructure, the structure of trade turnover is changing. Oil is increasingly involved. In 2011, the volume of non-oil products in trade increased by 23%. And more and more foreign companies are trying to introduce their business in the UAE.

At the same time conditions are very good for foreign traders when it comes to Forex, hence they are more involved in this activity.