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{{Foreign exchange}}
'''Retail foreign exchange trading''' is a small segment of the larger [[foreign exchange market]] where individuals [[Speculation|speculate]] on the exchange rate between different currencies. This segment has developed with the advent of dedicated [[electronic trading platform]]s and the internet, which allows individuals to access the global currency markets. {{As of| 2016}}, it was reported that retail foreign exchange trading represented 5.5% of the whole foreign exchange market ($282 billion in daily trading turnover).<ref name=BIS>[http://www.bis.org/publ/rpfx16fx.pdf Triennial Central Bank Survey] (April 2016), Bank for International Settlements</ref>
Prior to the development of forex trading platforms in the late 1990s, forex trading was restricted to large financial institutions.<ref>{{cite web |url=http://tradingmarkets.com/recent/the_rise_of_retail_foreign_exchange-640269.html |title=The Rise of Retail Foreign Exchange |last1=Waters |first1=Betsy |date=August 14, 2008 |work=TradingMarkets.com |publisher=The Connors Group, Inc. |access-date=14 June 2013}}</ref> It was the development of the internet, trading software, and forex brokers allowing trading on [[margin (finance)|margin]], that started the growth of retail trading. Today, [[Trader (finance)|traders]] are able to trade [[Spot price|spot currencies]] with [[market maker]]s on margin. This means they need to put down only a small percentage of the trade size and can buy and sell currencies in seconds.
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