What Does November's Record-breaking Performance Demonstrate About the Retail Traders' Behavior? - GEMFOREX Numbers Outlook

The year 2022 is steadily fading into the sunset, what a year it is to remember. 

Looking back to this time last year, the markets were steadily cooling off, the global inflationary uptrends were looking healthy, and there was a sense of societal normalization starting. However, all of this changed in the downturn of 2022 mostly caused by the war in Ukraine and the collateral effects. 

In this November, the company's total Trading Volume had reached over $688 billion, which is 24% higher YoY when compared with November 2021 and a 59% increase from the previous month of October 2022. 

Other client-centric parameters are also on a healthy uptrend. The number of Active Traders is showing a steep increase during the Month, reaching 71,203 active traders with 5.9 million unique trades placed and executed, which is another significant increase YoY when compared to November 2021 with the respective numbers being 50,225 (42% increase) and 4.3 million (35% increase). Compared to the average of the previous 12 months, we see a 34% increase in active traders' number and a 28% increase in unique trades. 

In a word, trading volume wise, November was a record-breaking month for GEMFOREX in a range of the last 2 years, furthermore, the record is 11% higher than the 2nd best month which was December of 2021.

During November 2022, the company had processed over $100,4 million Client Withdrawals, the Partners' Rewards payouts reached $8,46 million. The Client withdrawals maintained higher than the average of the last 6 months, but considering the increased Volume, the indicators show that there is retention of funds and its circulation in the trading platforms.

We could wrap up the insights in the following 2 points:

1.With renewed uncertainty and numerous financial and logistical shocks around the world unfolding in the past months, we witnessed an increasing demand from the retail clients to take advantage of the record high volatility and the sharp financial trends, which were reflected all year and in our finalized results for November. 

2.With more financial volatility in 2022 than the past 5 years together, the clients showed preference in holding their funds in their trading accounts to take advantage of sudden financial moves. 

The company precisely processed a record of 5.9 million unique trades with proper backend execution methods. Our internal reports showed a healthy and competitive execution time of under 100ms. 

This November is a record-breaking month to remember and ponder on, as we at GEMFOREX are grateful for the continuous dedication we receive from our clients. 

All the best and good luck to those who are surfing on the edge of the volatility wave for the rest of the year, your gains are a compliment to every member at GEMFOREX​.