Forex Trading SessionsUnlike stock exchanges, which operate for a limited time every day, the Forex market is open from Monday to Friday throughout all 24 hours of each passing day. However, it doesn’t experience equal trading activity during this period and is split into three major sessions, with the most significant financial centers significantly influencingtrading at different times.
We reveal the three primary forex trading sessions.
In this in-depth guide, you’ll learn:
- Different forex market trading sessions.
- The opening and closing times of each trading session.
- How to trade on each session
- The best time to trade the forex market in South Africa
- Forex market open time
- Forex session times in South Africa
Forex Trading Sessions
| 🚩Asian Forex Trading Session in South Africa | 🚩New York Forex Trading Session in South Africa | 🚩London Forex Trading Session in South Africa | |
| 📱Trading Tools: | Economic Calendar, News Monitoring Tools, Volatility Indicators | Technical Analysis Arsenal, Live Streaming Charts with Volume:, South African Broker Insights | Economic Calendar, Technical Analysis Indicators, Live Streaming Charts, News Monitoring Tools |
| 🗒News Monitoring Tools: | Financial News Websites and Apps, Forex-Specific News Aggregators, Social Media Tools | Financial News Apps, Forex-Specific Apps, Social Media and Trading Communities | Financial News Websites and Apps, South African Financial News Platforms, Subscription-Based News Filtering Services |
| 📌Beginner Focus: | Focus on a Single Currency Pair, Practice with a Demo Account, Focus on Big News, Economic Calendar | Demo Accounts, Practice Makes Perfect, Economic Calendar, Focus on Big News | Choose a Familiar Pair, Demo Accounts are your Friends, Economic Calendar, Focus on Big News |
| 📒Advanced Strategies: | Algorithmic Trading, Volatility Breakout Strategies, Arbitrage Opportunities | Spread Trading, Algorithmic Trading with Filters, Fundamental Analysis | Order Flow Analysis, Correlation Matrix Analysis, Algorithmic Trading with Fundamental Filters |
| #️⃣ Visual Aids: | World Clock, Economic Calendar, Heat Map, Chart Examples, Brokerage Platform Screenshot | Time Zone Overlap Graphic, Liquidity & Volatility Chart, Sample Scalping Strategy, Heat Map of News Impact, Brokerage Platform Screenshot | Venn Diagram, Economic Calendar with Icons, Chart with Overlaid News Events, Price Channel with Order Flow Bars, Brokerage Platform with Correlation Matrix |
Volatility can fluctuate wildly even in the most liquid asset class, the foreign exchange market. A forex trading strategy might be more reliable if it understands these distinct trading session timings.
This article will examine each forex market session in detail, along with the key characteristics—the forex time zones—that affect trading.
Forex Trading Sessions Revealed (2024):
- ☑️Asian Forex Trading Session in South Africa
- ☑️New York Forex Trading Session in South Africa
- ☑️London Forex Trading Session in South Africa
- ☑️Best time to trade Forex in South Africa
- ☑️Conclusion
1. Asian Forex Trading Session in South Africa
The Japanese Yen is the world’s third most widely traded currency after the United States Dollar and the European Euro. Around 1 in 5 (17%) of all forex transactions include the Yen, while the Asian (Tokyo Open) session accounts for 20% of total forex trading activity.
Hence, the importance of the Asian Open trading period is understandable.
The Asian Open is dominated by Tokyo, Hong Kong, and Singapore, the three largest financial centers in the region. Due to the increased volume of forex trading in Singapore, the Asian trading session may soon be known as the Singapore Open.
Singapore and Hong Kong generate more than 8 percent of the total trading volume, whereas Tokyo contributes only 4.5 percent of the total market value.
The Tokyo Open sees the most activity at the beginning of the trading week. The times are Sunday evening in New York at 17:50 EST (09:50 GMT) and just before midnight on Sunday night in London at 10:50 BST.
The Asian Forex Trading Session, which opens with markets in Tokyo and Hong Kong, provides a crucial window for South African traders, particularly during its overlap with other global markets.
This session, operating from midnight to the early morning hours in South Africa, coincides with late trading in the U.S. and European markets’ start, creating heightened liquidity and volatility.
South African traders can use this overlapping session to trade major currency pairs, such as the Japanese yen, US dollar, and euro, which create significant price movements.
Due to high trading volume and the release of key economic data both in Asia and Europe, there are enough opportunities to make profits during overlap. Therefore, traders in South Africa who want to participate in these markets must comprehend how the Asian section behaves during such times globally.
South African traders face such a challenge given the Asian Forex Trading Session. Economic events within the Asia-Pacific region are highly involved.
It starts at midnight and goes up to 9:00 AM in South Africa, covering Tokyo (Japan), Hong Kong (China), and Sydney (Australia). At essential times, economic releases like GDP reports, trade balances, or interest rate announcements from key economies, including but not limited to Japan, China, or Australia, may result in significant market moves.
The Asian forex trading session, which runs from 0000 to 0900 HRS SAST (South African Standard Time), offers excellent opportunities to South African traders.
Financial markets like Tokyo, Hong Kong, and Singapore will remain open, providing high trading volume in currency pairs involving the Japanese yen, Australian dollar, and other Asian Pacific currencies.
Running from 1:00 am to 10:00 am SAST, the Asian Forex Trading Session may indirectly affect the South African Rand (ZAR) because major currencies determine it.
The major currencies considered in this session are the Japanese Yen (JPY) and Chinese Yuan (CNY) because China is one of Asia’s most important trading centers. There are times when big events occur or economic information is released in Asia, leading to fluctuations in these particular currencies. This, thereby, impacts some ZAR pairs due either to correlation or fear of taking risks.
The Asian Forex Trading Session is between 00:00 and 07:00 of the South African Standard Time (SAST), and it has a very small effect on the South African economics data releases.
Large economies such as China or Japan can shift risk on currency value, although ZAR tends to be moderately impacted by these forces. South African traders will likely track the ZAR pairs about global currency flows during this session and carry over from the close of the New York session.
However, there are arbitrage opportunities for anyone who wants to look close enough.
Traders can effectively utilize these gaps by exploiting the price difference between the Asian markets and the previous day’s closing prices in New York. In other words, what used to be the Asian session for South Africa turned into a time to determine global market sentiment rather than merely responding to local economic indicators.
The Asian Forex Trading Session is from about midnight to 7 a.m. South African Standard Time offers traders from South Africa a special opportunity, given that it is centered on technical evaluation and pattern recognition.
Carry Trade: Customers prefer the Japanese yen (JPY) in this session, particularly because of the low interest rate environment.
Range Trading: The Asian session can also sometimes be one of consolidation or tight ranges in the price.
The Asian Forex Trading Session (generally 00:00 to 07:00 SAST) presents specific considerations for South African traders regarding their choice of broker. Here’s why:
🛢Reduced Liquidity: Compared to later sessions, Asian hours boast lower trading volume. South African traders should ensure their broker offers tight spreads on ZAR pairs even during this quieter period. This minimizes the extra cost (spread) incurred when entering and exiting trades. ☎️Customer Support: As the session falls outside typical South African working hours, having a broker with 24/5 customer support becomes crucial. Any technical issues or questions arising during the night can be addressed promptly. 🖥Trading Platforms: The ability to monitor price action and execute trades remotely is essential. South African traders should choose a broker offering user-friendly trading platforms accessible from mobile devices or desktops for uninterrupted trading during the Asian session.
Asian Forex Trading Session (typically 2:00 AM to 11:00 AM SAST) in South Africa: Pros and Cons
| ℹ️ Factor | ✅Pros | ❌Cons |
| 📌Market Activity | Generally lower trading volume and volatility compared to other sessions. | Lower liquidity can lead to wider spreads and potentially fewer trading opportunities. |
| 📈Carry Trade Potential | Due to potential interest rate differentials, this session might be suitable for carry trade strategies (borrowing low-interest currency, investing in high-interest currency). | Carry trades involve currency risk and interest rate risk. Close monitoring of economic data is crucial. |
| 📍Mean Reversion Opportunities | Lower activity can lead to occasional price gaps that some traders exploit using mean reversion strategies (assuming prices revert to historical averages). | Mean reversion is not guaranteed, and gaps might not always close. Proper risk management is essential. |
| 💹Technical Analysis Focus | The calmer market environment might be suitable for technical analysis strategies that rely on clearer price movements. | Technical analysis has limitations, and unexpected news events can disrupt price patterns. |
How to trade the Asian Session in South Africa
As soon as economic reports and statistics are issued in the early morning, Tokyo’s open market tends to be the busiest. However, don’t forget to watch Hong Kong, Singapore, and Sydney, which heat up during the Asian trading day.
There is less liquidity in Asian trading sessions than in New York and London because Asian economies are heavily dependent on exports and banking; these sectors do not experience the same level of volatility as high-tech and commercial services on other stock exchanges.
2. New York Forex Trading Session in South Africa
The New York Open, also known as the North American trading period, accounts for around 17% of all currency transactions.
The Asian session is now closed, while the European session is almost halfway through its time slot. In New York, the world’s largest stock exchange, the day has just begun.
Other major financial centers in North America are also open, including the New York Stock Exchange (NYSE), the Chicago Stock Exchange, and the Toronto Stock Exchange.
When New York is open for business, you can trade practically all of the G10 currency pairs. Exciting times for traders are when the trading periods in New York and London coincide, and trade volumes are at their peak.
Liquidity peaks during these two trading sessions for around three to four hours.
The New York forex trading session is one of the most influential periods in the forex market. It provides South African traders with substantial opportunities, particularly when it overlaps with the European session.
This period runs from 2:00 PM till 10:00 PM SA Time, corresponding to the New York morning trading hours and the afternoon in London.
The increased trading volume and volatility result from a shared space between the 2 major financial centers, especially through the major currencies involving the U.S. dollar, euro, and the British pound.
Thus, South African traders can increase their activity by following economic news releases, corporate results announcements, or crucial market happenings that are usually common during this time when they manage to match their trading strategy with New York session dynamics.
The New York Forex Trading Session significantly influences South African traders as it is characterized by big U.S.A economic happenings between 2:00 PM and 11:00 PM (South African Time). It has excess liquidity and high levels of patience, especially compared to the London session, which has more market activity during the same period.
It is not unusual for major market shifts in response to key economic data releases.
This session is vital for people in South Africa; unlike other time slots during the day, it is easier to sell and buy during this period.
This is because many people are trading at this particular time globally; hence, the supply of money (liquidity) is high while demand for it is low. This increases the potential returns on investment for those trading in forex involving the United States Dollar.
The New York Forex Trading Session significantly affects the South African market, which runs from 15:00 to 00:00 SAST and impacts Rand (ZAR) pairs.
It coincides with major US economic data releases, which can cause volatility in the ZAR. When the US economy shows power data, there are higher chances that the US dollar(USD) will appreciate, leading to reduced ZAR value. On the other hand, if the U.S. provides weak economic information, it can support it for a short period.
The New York Forex Trading Session, also from 15:00 – 00:00 South African Standard Time, greatly influences South African economic data. This period focuses on important releases of US economic numbers such as Non-Farm Payroll or Retail Sales. Higher data releases in the United States move the US Dollar (USD) higher against the South African Rand (ZAR). On the other hand, lackluster figures can lead to weakness of the USD and provide brief relief to the ZAR.
Local traders pay keen attention to these releases since they can cause sharp fluctuations in ZAR pairs. High liquidity in the session enables tighter spreads and better entry/exit points; however, due to diminishing liquidity, managing positions before closing the South African market is essential. The New York session is a mixed blessing for ZAR trading.
A thorough examination of the US economic indicators and proper strategy planning would benefit South African traders who want to trade in this market.
“The New York Forex Trading Session (15:00 to 00:00 SAST) is prime time in South Africa for capitalizing on major economic data releases and heightened volatility. Below are two potential trading examples for South African traders:
The news trading This session falls when high-impact US data such as the Non-Farm Payroll or Retail Sales are being released. South African traders can study economic predictions in advance and take an appropriate position before release. For example, before the announcement that ‘oil prices in OPEC reached an all-time high,’ you could have traded”
Fading the Trend: The later part of the New York session (around 22:00 SAST) often sees reduced liquidity as the US market nears closing. This can lead to temporary price inefficiencies. South African traders can employ “fading the trend” strategies, where they enter short positions against an established trend nearing the session’s end.
The primetime New York Forex Trading Session (15:00 to 00:00 SAST) in South Africa brings its own considerations for selecting a South African broker. Here’s what to keep in mind:
| 📍Execution Speed and Scalability: | This session is known for high volatility and fast-paced trading, particularly around major US economic data releases. South African traders need a broker with robust order execution infrastructure to ensure trades are filled promptly and at the desired price. Scalability is also important, as order sizes might fluctuate depending on trading opportunities arising from the data releases. |
| 📉Commissions and Margin Requirements: | The fast-moving nature of the New York session can tempt traders to increase position sizes. South African brokers with competitive commission structures and flexible margin requirements can be advantageous. Lower commissions allow for more frequent trading without significant cost burdens, while flexible margin allows for potentially higher profit margins if trades go in the desired direction. However, responsible risk management practices are still crucial to avoid excessive leverage. |
| 👤Account Features: | Some South African brokers might offer specialized account features tailored for news trading during the New York session. These could include access to real-time economic news feeds, advanced charting tools, or educational resources specifically focused on news trading strategies. Choosing a broker with such features can give South African traders an edge in navigating the fast-paced environment of the New York session. |
New York Forex Trading Session (typically 3:00 PM to 12:00 AM SAST) in South Africa: Pros and Cons
| ℹ️ Factor | ✅Pros | ❌Cons |
| 📌Market Activity | Highest liquidity and volatility compared to other sessions. | Increased volatility can lead to rapid price movements and potentially larger losses if not managed properly. |
| 📈Scalping and Day Trading Opportunities | The fast pace creates numerous opportunities for scalpers (exploiting small price movements) and day traders (capitalizing on short-term trends). | Requires focus, discipline, and a sound trading strategy to navigate the fast pace. |
| 📍Technical Analysis Advantage | Frequent price movements can form clear technical patterns, offering entry and exit points for experienced traders. | Technical indicators can be misleading, and unexpected news events can disrupt price patterns. |
| 💹News Impact | Major economic data releases, particularly from the US, can significantly impact the market and present trading opportunities. | Staying informed about upcoming news releases and their potential impact is crucial. |
How to trade the New York Session in South Africa
Because the majority of economic reports are posted online in the morning, at the start of the New York Open, volatility is at its maximum. Liquidity begins to decrease in the afternoon following the end of the European trading session.
The calmest day is Friday, but reversals are always possible in the second half of the session when US traders reduce positions ahead of the weekend to limit their exposure.
The foreign exchange market reaches another peak during the overlap of the Asian Open and the London Open. This occurs in the middle of the night Eastern Time and early in the morning GMT. During this time, automated trading becomes essential while New Yorkers are asleep.
3. London Forex Trading Session in South Africa
When the European trading session starts (London Open), the Asian trading session is winding down, and the New York trading session is about halfway over.
Although the European trading session encompasses many financial centers, most traders focus on the London market.
London is the most liquid market in Europe, so the trading session in question is also known as the London Open.
Paris, Amsterdam, Geneva, Zurich, Frankfurt, Hamburg, Luxembourg, and Edinburgh are other major European financial centers currently open for business.
During the European trading session, around one in every two and forty-three percent of all currency transactions occurred. Because of its strategic location, London has established itself as a preeminent financial center.
Due to the city’s time zone, trading sessions in London in the morning overlap with those in Asia and New York in the afternoon.
When the London and New York trading times overlap, the London Open experiences the maximum level of volatility. When both sessions boost trade volumes, liquidity is maximum between three and four hours.
The fact that liquidity is so high during the London Open makes for the finest possible playing conditions, as the market is completely unrestricted. You can trade nearly every currency pair, including the majors and minors.
And because the London Open and the Asian Open run concurrently, you may also consider trading yen crosses around this time. The most actively traded currency pairs are the euro to yen and the pound to yen.
Successful South African traders should note the importance of the London Forex Trading Session in the local community. It is characterized by high liquidity and significant market activity.
It is a golden period in that it runs during peak hours (10 AM—6 PM GMT+2) for various financial centers like Tokyo in Asia and New York in the USA, leading to increased gains if well utilized.
In this time frame, majorly traded currency pairs are known to have greater fluctuations, especially the Euro-British Pound US Dollar combos. This, therefore, provides many trading opportunities.
Opportunities include tracking major economic data reports, business press releases, or political scandals. These usually have large impacts on the markets, and hence, if corporations make huge profits, this can be used as an indicator of when the best moves will occur in foreign exchange trading globally.
Moreover, additional liquidity may be provided because the Asian market will begin opening up while Europe and the US still have some hours left before they close.
Consequently, traders who place orders during these overlap periods are better positioned than anyone else to execute their best forex trades worldwide.
Due to its high activity and liquidity, the London Forex Trading Session greatly influences South African traders from 10:00 AM to 7:00 PM local time.
Massive market movements are often caused by important economic events and announcements concerning the UK and the Eurozone, e.g., inflation data or central bank meetings for GDP reports. Therefore, South African traders continually watch out for this data to trade wisely.
From a convenient time standpoint, South African traders participated in the London Forex Trading Session.
In winter, the London session – a major hub of global currency exchange starts at 9:00 AM South African Standard Time (SAST), while during summer months, it commences at 10:00 AM SAST. During this time, traders can take advantage of the London session’s high liquidity and increased market activity because this coincides with South African business hours.
The London Forex Trading Session, starting at 10:00 SAST and lasting until 15:00, is marked by high activity levels for the South African Rand (ZAR).
Overlapping with the tail end of the Asian session and the start of the New York session, there is an influx in the trading volume. As a result of the increased participation, we can see substantial price swings in ZAR pairs.
The London Forex Trading Session, from 10:00 to 15:00 SAST, influences the South African local economic data differently from the Asian session.
While the direct impact may not be as great as the US releases, major data from the Eurozone can affect the Rand (ZAR). The Euro (EUR) tends to strengthen when better-than-expected economic data are released from the UK or other countries in the Eurozone; this may exert pressure on the ZAR. But the London session also has its advantages.
Where this window aligns with South African economic releases, European participation enhances the probability of larger market movements. This sharing can be both a blessing and a curse.
However, if the South African data is positive, it could further support the ZAR in combination with a higher Euro. On the other hand, weak local data may push the ZAR lower if the Euro also falls. Ultimately, South African traders in the London session should balance global and local economic indicators when trading ZAR pairs.
Between 10:00 and 15:00 SAST, the London Forex Trading Session in South Africa offers a different mix of market volatility and strategic trading opportunities for South African traders.
Cross-Pair Trading: Since this session occurs between the tail end of Asia market hours and the beginning of New York trading time, there is usually higher participation and a possibility of continuing from initial trends started during those times; South African traders who want to could be involved in cross-pair trading as their preferred trading strategy.
News & Local Data: European economic data are released in the London session. Potential domestic data releases are possible among South African traders during this time frame.
The London Forex Trading Session (10:00 to 15:00 SAST) in South Africa presents unique considerations for choosing a South African broker. Here’s why:
| 📌Balance Between Spread and Execution: | The London session offers a good mix of volatility and liquidity. South African traders should seek a broker that offers a balance between tight spreads on ZAR pairs and reliable order execution. Tight spreads are important during consolidation periods, while reliable execution becomes crucial when capitalizing on breakout opportunities or reacting to European data releases. |
| 📉Hedging Options: | As the London session overlaps with the end of Asia and the beginning of New York, market sentiment can shift rapidly. South African brokers offering a variety of hedging instruments like CFDs (Contracts for Difference) can be beneficial. This allows traders to manage risk by potentially profiting from price movements in either direction, regardless of whether the ZAR strengthens or weakens against other currencies. |
| 📑Research & Educational Resources: | The London session sees a confluence of European and South African economic data releases. A South African broker providing in-depth research reports and educational resources focused on these markets can be invaluable. This equips South African traders with a deeper understanding of how both domestic and global factors might influence the Rand (ZAR) during this dynamic session. |
London Forex Trading Session (typically 9:00 AM to 6:00 PM SAST) in South Africa: Pros and Cons
| ℹ️ Factor | ✅Pros | ❌Cons |
| 📌Market Activity | High liquidity and volatility, but generally less than the New York session. | While offering good trading opportunities, volatility can still lead to larger losses if not managed properly. |
| 📈Overlap with European Markets | Convenient overlap with European working hours, potentially leading to increased trading activity and tighter spreads for EUR-related currency pairs (e.g., ZAR/EUR). | News events from the Eurozone can significantly impact the market, requiring awareness and potentially altering trading strategies. |
| 📍Focus on Eurozone & UK News | Economic data releases from the Eurozone and the UK can present trading opportunities, particularly for EUR and GBP-related currency pairs (e.g., ZAR/GBP). | Staying informed about upcoming news releases and their potential impact is crucial for informed trading decisions. |
| 💹Suitable for Various Strategies | The balance between liquidity and volatility allows for strategies like pair trading (exploiting correlations between currency pairs) and news-based fading (entering trades against initial knee-jerk reactions to news). | Both pair trading and news-based fading require a good understanding of the market and involve inherent risks. |
How to trade the London Session in South Africa
Because the London Open’s trading hour overlaps with the New York Open and Asian Open, it is characterized by strong liquidity and cheaper transaction costs.
While the London Open is notoriously turbulent due to its proximity to the U.S. and Asian markets, volatility decreases as more traders take a break before the New York session, making it the most stable part of the trading day.
The London Open traditionally sets the stage for the New York Open, which follows suit. Traders in South Africa may seek to lock in profits and cause reversals during the second half of the London Open.
Best time to trade Forex in South Africa
The most significant time to trade Forex in South Africa is when the world market is busiest. The busiest trading times occur when the three major trading centers’ market hours overlap at critical times. Below are the three significantSouth African Standard Time sessions, also known as SAST, which is -2 hours UTC.
Below are tables of the open and close times for each session:
| ⌚️ Open | ⌚️Close | |
| ℹ️ Tokyo open and close (Asia) | 2:00 am to | 11:00 am SAST |
| ℹ️ London open and close (Europe) | 9:00 am to | 6:00 pm SAST |
| ℹ️ New York (NY) open and close | 3:00 pm to | 12:00 am SAST |
Depending on the country, different markets are open at different times. How can we know the optimum time to trade Forex in South Africa?
The three major exchanges determine the ideal times to buy and sell. The Asian market is rather quiet, and liquidity is reduced.
Europe’s market is centered in London, with the most trading volume. Right now, it’s best to focus on the pound, dollar, and euro.
The United States market is the second-largest in terms of volume, located in New York City. EUR, USD, AUD, and GBP are the most frequently traded currencies.
There is less liquidity in the middle of the day. Shorter trading windows allow spreads to be reduced and liquidity to be increased, which is why the first and last hours of the day see the most activity.
Start by trading the Asia Session in South Africa
8 AM to 10 AM SAST
If you haven’t already, you should be trading EUR/JPY right now. Although volatility isn’t as significant, trades have a chance when there’s a lot of movement in the price of one pip.
Follow this with the London Session in South Africa
9 AM to 5 PM SAST
Because of this overlap, you can engage in deals with the largest possible profit margins. Sadly, it does not compare favorably to the other two overlaps in terms of quality.
End with the New York Session in South Africa
3 PM to 7 PM SAST
This overlap is the one with the most activity. The US dollar and the Euro are the most common currency pairs to engage in financial transactions. During this hour, more than 70 percent of all trades take place.
When trading hours in London and the United States overlap, it is the most advantageous time to conduct Forex Trading in South Africa. The market is experiencing strong liquidity, with the highest number of traders present during this period and significant price movements.
The four trading sessions in the forex market are:
| 🌐 Trading Session | 🕤 Time Open |
| Sydney | 11:00 pm to 8:00 am SAST |
| Tokyo | 2:00 am to 11:00 am SAST |
| London | 9:00 am to 6:00 pm SAST |
| New York | 3:00 pm to 12:00 am SAST |
Conclusion
New York, London, and Tokyo are the world’s three most important financial centers for foreign exchange trading. The foreign exchange market operates nonstop because of the widespread distribution of its participants.
Forex is considered an over-the-counter (OTC) market because transactions can occur anytime, 24 hours a day, five days a week.
Because there is no centralized foreign exchange, foreign currency can be traded through financial institutions such as banks, brokers, and market makers.
When this is considered, forex trading timings are presented as 24/5, which indicates that trading takes place all day, every day throughout the week. Liquidity is another term that can be used to refer to this aspect of the market.
Familiarizing yourself with the various trading periods and determining the optimum times to trade in South Africa will help you focus on your trading techniques.
Frequently Asked Questions
What time is the forex market overlapping?
Also, notice that between each forex trading session, there is a period when two sessions are open simultaneously. During summer and winter, the London and New York sessions overlap between 8:00 AM to 12:00 PM ET.
At what time does the London session start in South Africa?
After the transition from EST to EDT in March, the London session opens at 9:00 South Africa Standard Time and the New York session at 14:00. It is essential to know this because many traders start trading when the London session opens or when the London and U.S. sessions overlap.
What are the trading hours in South Africa?
Between 09h10 (09h15 for ETFs) and 16h40 Monday to Friday (excluding public holidays). ZAR trading will be closed on South African public holidays. The Johannesburg Stock Exchange opens for trading at 09:00 a.m. Between 8:45 a.m. and 09:00 a.m., the markets are in auction, and trading is suspended.
What is the number 1 rule of forex?
Protect Your Capital:
Many traders interpret the #1 rule as protecting capital at all costs. This involves employing risk management techniques, such as setting stop-loss orders and avoiding overleveraging.
What is the best indicator for forex sessions?
The “Forex Sessions” Indicator is a powerful tool designed to help traders visualize and analyze global trading sessions, offering clear insights into market activity. Features: • Session Tracking: Monitor major forex sessions (New York, London, Tokyo, Sydney) and customizable additional sessions.
How do we differentiate trading sessions?
These sessions consist of the Asian, European, and North American sessions, which are also called Tokyo, London, and New York sessions. Some traders prefer to differentiate sessions by the continent’s name, while others prefer to use the city names.
Best Currency Pairs to Trade at What Time in South Africa?
The best times to trade in South Africa are between 10 am and 4 pm, which is known as the best forex trading time. The four major markets are Sydney, Tokyo, New York (US), and London. The USD/EUR is the most commonly traded currency pair in the world, accounting for nearly 20% of all forex transactions.
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