Forex trading sessions in South Africa time has been revealed. This comes after many people in South Africa have been asking about the best time to trade Forex in South Africa. If you are planning to join Forex, you should know about the Forex market hours in South Africa. In this article, you will learn more about the Forex trading sessions in South Africa time.
Forex Trading Sessions in South Africa Time
As a South African trader, understanding different times to trade Forex in South Africa depends on a couple of factors. There are four major Forex centres in the world: New York, London, Tokyo, and Sydney. Because of their locations, they make Forex a 24-hour market.
The forex market is open 24 hours a day during weekdays, in South Africa, the foreign exchange markets online are available from Monday to Friday 24 hours per day, 5 days a week. Because foreign currencies are in high demand, the forex market is open 24 hours a day, the Forex markets in South Africa are open and available to be traded at 23:00 on a Sunday evening and closes at 23:00 on a Friday night.
What Are The Best Trading Hours in South Africa?
The best time to trade Forex in South Africa is generally between 10:00 and 16:00 SAST (South Africa Standard Time).
Best Time to Trade GBPUSD in South Africa
The best time time trade GBP/USD in South Africa is from 8:00 AM to 10:00 AM GMT and from 12:00 pm to 15:00 PM GMT. This is when the greatest market moves occur and when spreads are at their lowest.
The Best Time to Trade Forex in South Africa
The best time to trade Forex in South Africa between 10:00 and 16:00. The forex market is open 24 hours a day during the weekdays which allows South African traders to potentially trade all day and all night.
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