Analysis: Higher Trading Activity in June Despite Lower Deposits

[forex4you]

Analysis: Higher Trading Activity in June Despite Lower Deposits

<p>The latest <a href="https://www.cpattern.com/" target="_blank" rel="nofollow">CPattern </a>data examined by <a href="https://www.financemagnates.com/intelligence/" target="_blank">Finance Magnates Intelligence</a> shows that in June retail investors decided not to deposit more capital in their accounts. Yet, at the same time, they conducted more transactions than in the previous month.</p><p>In May, we saw an uptick in the size of deposits. The total average monthly deposit grew to $14,630, and a new record was achieved in our data for total deposits. This trend did not last long, as in June, the average value of the total monthly deposit decreased to $11,504, which was the second-lowest result since September 2021.</p><p>June also brought a decrease in the size of average total monthly withdrawals. While in May, the total average monthly deposit grew to $8,146 from $5,221, in June, it receded to $7,507, marking it the second-lowest reading this year.</p><p>Retail Investors Traded More</p><p>Despite lower capital inflows and outflows, retail traders kept trading, most likely with smaller transactions. In June, the average number of transactions made by one trader grew to 296.5 from the previous month's 285.1. As well as being close to breaking through the 300 transactions barrier, the figure has increased considerably from the same time last year. In July 2021, the average number of transactions was 224.</p><p>What was interesting is that for the second month in a row Kuwait held the top spot in the activity rankings. Traders from this country were followed by traders from <a href="https://www.financemagnates.com/cryptocurrency/turkey-seeks-jail-sentences-of-over-40000-years-for-thodex-founders" target="_blank">Turkey</a>. China, usually the most active, this time came in 4th with 304 transactions per trader.</p><p>Finance Magnates Intelligence will be monitoring industry activity in the upcoming months. Stay tuned for more industry-related research, or reach us directly for additional research requests.</p>

This article was written by Sylwester Majewski at www.financemagnates.com.

Source: Analysis: Higher Trading Activity in June Despite Lower Deposits