There is no way we should be talking about forex that we should not talk about and know the main continents that control it. To understand the changes in forex trading, we should know the four major continents controlling the forex market with their time zones. The following continents are controlling forex: North America, Europe, Asia, and Antipodeans, divided into Australia and New Zealand.

Each continent we mentioned above has its main economies or countries that are based on their GDP. The continents and their leading economies work hand-in-hand to achieve their trading objectives and goals. We shall consider them one after the other below.

We have continents in North America with leading economies in the USA and Canada. We have continents in Europe with leading economies in Germany, France, the UK, Italy, and Spain.

We have continents in Asia with leading economies in China, Japan, India, South Korea, and Indonesia.

We have the Antipodean continents, Antipodeans with leading economies in Australia and New Zealand.

We want to discuss further the economic statistics realised in GDP, GDP per Capita, and GDP growth of each country, so that we can have a deeper understanding and the needed knowledge about each of them.

One of the economic statistics is Nominal GDP. Nominal GDP is said to be the estimated value of goods and services that are being produced within a country for a specific time. It may be appropriately based on one year.

Another very important one is GDP per Capita: This one is described as the nominal GDP of a country being divided by the number of people residing in that country.

There is the GDP Growth. The GDP growth measures the increase in GDP performance over the previous performance.

North America

North America has fast facts, including the United States of America (USA,  with a Nominal GDP of $23 trillion.

Nominal GDP $23 trillion.

• Nominal GDP per Capita=$69,287.
• GDP Growth 5.7%.
• The United States has the largest economy in the world by GDP, which is powered mostly by the service sector.
• The three states with the highest GDP are California ($3.36), Texas ($1.99), and New York ($1.85).
• Consumer spending and investment contributed immensely to GDP.
• The United States has a highly developed and free market economy – prices of goods and services are dictated by the forces of demand and supply.
• Its industries are known for advanced technologies: artificial intelligence (AI), computers, pharmaceuticals, medical, aerospace, and military ammunition.
• The U.S. dollar is known for its benchmarking and reserve status all over the world.
• The United States’ three biggest trading partners are China, the European Union, and Canada.

Canada

Canada has fast facts of nominal GDP = $1.99 trillion, Nominal GDP per capita = $52 051, and GDP growth =4.6%.

Also, Canada is the 9^th largest economy in the world and has a huge oil reserve and a solid manufacturing system. Canada also has a free trade policy with the United States, which is currently the world’s largest economy.

Europe

In Europe, Germany has fast facts such as nominal GDP = $4 22 trillion, nominal GDP per capita $50,801, and GDP growth. 9 =.

It is also a fact that Germany is the 4^th largest economy in the world, nd in Europe, Germany is known as the powerhouse of the economy, including the export of machinery, vehicles, and chemicals.

In Europe, France has fast facts such as nominal GDP- $ 2.94 trillion, nominal GDP per capita= $43 518, GDP Growth= 7.0%.

No doubt, France has been the 7th largest economy in the world. Not only this, France is the 3rd largest economy in Europe, which is popular for its tourism.

The United Kingdom

The US has fast facts such as a nominal GDP of $3.19 trillion, a nominal GDP per capita of $47 334, and GDP growth of 7.4%.

The United Kingdom has been 5the fifth-largest economy in the world and the second-largest economy in Europe. It has an economy largely driven by service sector businesses, insurance, and finance.

Italy

Italy has fast facts such as nominal GDP=$2.10 trillion, nominal GDP per Capita= $35 551, and GDP Growth=6.6%. Italy has been rated as the 8th largest economy in the world, but the 3rd in the eurozone, and the 4th in Europe.

Spain

Spain has fast facts such as nominal GDP=$1.28 trillion, nominal GDP per Capita= $27,056, GDP Growth= 5.1%. Spain is seen as the 14th largest economy in the world and the 4th in the Eurozone.

 Asia

Asia has fast facts. The following are the facts:

• Nominal GDP $17.73 trillion.
• Nominal GDP per Capita 12,556.
• GDP GroGrowth1%.
• China is the 2nd largest economy in the world and the largest in Asia.

Japan

Japan has fast facts as follows:

• Nominal GDP $4.94 trillion.
• Nominal GDP per capita,285.
• GDP GrowtGrowth.
• Japan is the 3rd largest economy in the world, the 2nd largest in Asia.

India

India has fast facts as follows:

• Nominal GDP $3.17 trillion.
• Nominal GDP per Capita $2,277.
• GDP GGrowth8.9%.
• India is the 6th largest economy in the world and the 3rd largest in Asia.

South Korea

South Korea has fast facts as follows:

• Nominal GDP $1.80 trillion.
• Nominal GDP per capita 34,7577.
• GDP GroGrowth0%.
• South Korea is the 10th largest economy in the world and the 4th largest in Asia.

Indonesia

Indonesia has fast facts as follows:

• Nominal GDP $1.19 trillion.
• Nominal GDP per Capita $4,291.
• GDP GGrowth3.7%.
• Indonesia is rated as the 16th largest economy in the world. It is also the 5th largest in Asia and the largest in South Asia.

 Antipodeans 

Antipodeans have the following facts:

• Nominal GDP $1.54 trillion.
• Nominal GDP per $59,9344.
• GDP Growth 1.5%.
• Also, Australia is rated as the 13th largest economy in the world.
• It has an abundance of natural resources like iron ore, gold, coal, and natural gas.
• It is a continent. New Zealand is its close neighbour.

New Zealand

New Zealand has fast facts as follows:

• Nominal GDP $0.257 trillion.
• Nominal GDP per Capita $49,847.
• GDP GGrowth5.9%.
• New Zealand has been the 5050th-largest economy in the world.
•  Dairy farming is the largest export earner.

10 biggest economies of the world

It is important to consider the biggest economies in the world so that we can know the countries we can invest in for trading. Not only this, but the following countries have supported more than the others. That is why it is very important to learn about the market of each of them before concluding on forex trading in such countries. We have to mention the 10 biggest economies of the world below.

1.   USA: The United States of America is the highest economy in the world.
2.  China: China is the second-largest economy in the world.
3.  Japan: Japan is the third-largest economy in the world.
4.  Germany: When talking about the world economy, Germany is the fourth largest.
5.  United Kingdom: The UK follows Germany in the world economy.
6.   India follows the UK in the world economy.
7.    France: France follows India in the world economy.
8.    Italy: Italy follows France in the world economy.
9.   Canada follows Italy in the world economy.
10.  South Korea: South Korea follows Canada in the world economy.

Conclusion

Many people are scared of trading because they say that trading is risky. What is very crucial in trading is that you must know all that you can before you invest in trading. One of the factors is the country where you are trading.

You will study the trading markets and the currencies in the country. All these countries have different trading hours. Some could have overlapping trading hours. As a Forex Trader, you need to know them.  Try to see how they interconnect to complete the trading cycle in one day. Read the similar post on this page.