- Market Trading Hours
- Winter Time
- What Currencies to Trade and When?
- A Guide to the Forex Trading Times | Admiral Markets - Admirals
Market Trading Hours
For instance, in South Africa, the trading hours would differ from the trading session of London slightly, but there will a huge difference in the forex trading hours when compared to Tokyo. As can be seen from the Forex trading sessions, there is an overlap of trading hours between two zones every time their shift starts and ends.
These are usually the busiest times of the day in the Forex trading market. The overlap times across the financial centres are:.
The traders of South Africa can trade currency pairs during any one of the major Forex trading sessions. The local time of South Africa for the trading sessions is given as follows:. The participants trade the currency pairs according to the local time. The traders make more profits in actively traded markets and therefore should not waste precious time behind slow and quiet markets. The currency derivatives market operating hours in Johannesburg, South Africa are given as follows:.
- What are the Forex Market Hours?;
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Even if the Forex market when the 4 trading sessions are taken together is open throughout the day, the South African trader should choose the time of trading, exchanging a currency pair or speculating about the price movement of a certain pair judiciously. The traders depend on the various trading charts, technical indicators and so on to determine the trading strategies that they should implement.
It is important to devise a string trading strategy that will bring in more profits and the trader should also be able to retain the profits. The Forex market is not limited to a single region. It is by definition Foreign Exchange, involving the currencies of more than one country. Anyone can invest in the Forex market from any region during the major trading sessions.
Winter Time
However, participating during the busiest Forex trading moments prudently will increase the profits as the Forex market will experience more volatility at that moment due to high trading volume and clashes between buyers and sellers. The instances mentioned in the previous two sentences regarding when is the best time to trade which currency pair shows that choosing a currency pair to trade is also dependent on the Forex trading session. The traders of South Africa also have to keep in mind that they should be aware of the other forex trading hours.
For instance, when there is a major release of government reports or major economic news.
What Currencies to Trade and When?
As a matter of fact, the forex market is a 24hr market. Which means, the forex market follows the sun around the world. Which means you can be anywhere in the world and trade the forex market from your laptop as long as you have an internet connection. Well, forex trading sessions are different periods during the day at different parts of the world where forex is traded DURING the day. Now, lets look at the forex trading times for each of the forex trading sessions mentioned above.
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Note: the times below are given in GMT. You need to convert these times to your appropriate time zone. If you live in Australia in Queensland, the following table give you the start and end times for the different forex trading sessions in your own time:. The best advantage of living in Australia or the Asia is that the London Forex Trading Session starts in the afternoon when you are most likely at home which means you can spend at least hours each day after work to trade the forex market. Other parts of the world are not so lucky like the US or south America where they have to wake up in the middle of the night to trade the London Session.
A Guide to the Forex Trading Times | Admiral Markets - Admirals
So folks, if you live in those countries, it may pay to live in Asia if you are making good money trading forex. You will notice that your forex broker may have a time zone that does not match any of these forex trading times as mentioned here. In the scope of things, what time your forex brokers uses on the trading platform is really irrelevant not important at all.