The London forex markets open at SA Time, and the first 2 hours of the session are the most active. This means the London session is the prime time for South African traders. When the London forex markets are open, the European markets are also in full swing. This is because traders in Europe use London as a platform for their trades — and vice versa.

If you choose to trade during this time, it would be wise to capitalise on high trading volumes and large amounts of volatility. The best way to do this is to choose a trading strategy that suits your needs. In order for you to make the most out of the London session here are a few strategies:. Day Trading — This is where you buy or sell currencies at 10am, hold them until the close of the daily forex market which is at 4pm. This is a great strategy for you to use if volatility and volumes are your priority.

Scalping — The goal of scalping is not to hold currencies over the course of several hours, but simply buy and sell within seconds or minutes. Due to the high levels of volatility seen in the London session, this trading style can be extremely lucrative. The New York markets open at SA Time.

The first two hours of the New York session are great, due to the London trading volume still being there. However, once the London markets shut, the New York markets will be left with much lower volumes and volatility.

If you choose to trade forex during this time, we recommend making use of automated trading systems — as these can do the work for you. You can still take advantage of low levels of risk and high probability trades. The Tokyo markets open at 12am SA Time. On Sundays, there is a limited volume and the trading is not very profitable. Fridays — Fridays are for fun! The market is usually unpredictable and it is not recommended to trade.

Holidays — spend your holidays with family or simply take a rest. In any case, there is a limited volume on such days. From PM to PM — there is a low market volume.

South African traders have a very big advantage of being in approximately the same zone as Europe is. Therefore you can take advantage of London trading hours. The best Forex market hours in South Africa are from PM to PM South African Standard Time. At that time you can enjoy the highest liquidity, strongest price moves, and fairest execution. Keep it in mind and trade at the best time possible to increase your profitability!

If you are seeking the answer to what time does the Forex market open in South Africa you have to first understand what determines the market hours for South Africa. The best times for Forex trading are when the major markets are open, which are London, New York, Sydney, and Tokyo. Correspondingly, South African traders should focus on the time slots when either several of these markets overlap or are most active.

For example, the London Forex market is open between 10 AM to 6 PM for Johannesburg time. New York Forex market opens at 3 PM and closes at 11 PM on South African time. Sydney market starts at 11 PM and ends early in the morning at 7 AM, while the Asian Tokyo market is active between 1 AM and 9 AM.

Forex market is actually open 24 hours a day and 5. However, it does not mean that all the regions are open for the whole day. There are several major markets in Forex which operate at different times, according to their time zones.

The main markets are in Europe London , the US New-York , Australia Sydney , and Asia Tokyo. Depending on what you would like to trade, which currency pair, you will have to focus on the time slot that the needed markets operate in. Each market is open between 08 AM to 4 PM in their local times, so you would have to convert the market hours to your local time in order to determine when is the most suitable time for you to trade.

For example, New York session time in South Africa would be between 3 PM and 11 PM Johannesburg time, Europe would be active from 10 AM to 6 PM and etc. The best time to trade in the Forex market depends on the currency pair that you would like to trade and your country of residence.

Mainly, the most appropriate times are determined by the activities on major Forex markets in London, New York, Sydney, and Tokyo.

However, it is more advisable to look for the overlapping hours between the major markets, as during that period there will be the highest market volatility, therefore greater opportunities for speculating with the prices and generating profits.

In South African time, Europe is open between 10 AM to 6 PM, while the United States market is active during the period between 3 PM to 11 PM. We can notice that these two markets are overlapping for three hours and therefore the perfect time slot for you would be to trade from 3 PM to 6 PM on weekdays. It is not advisable to trade on weekends, especially on Sunday and on holidays, as the market activity is extremely low compared to the working days and you would have little chances of generating a significant amount of profit.

Home - Forex trading guides will help you start trading and succeed - Best time to trade Forex in South Africa to be profitable. Best time to trade Forex in South Africa to be profitable The beauty of the Forex lies in its flexibility, one can trade whenever and wherever he wants.

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One of the most common questions I get asked by both beginner and experienced traders is, what time of day should I trade forex, if I am based in South Africa? The answer will largely depend on personal preference but also market volatility and volume.

The best time to trade forex for South African traders is as this is when the London session will be in full swing, meaning trading volume and opportunities will be plentiful. The New York session opens at , which may be harder for most traders to trade through. The London forex markets have the highest levels of volatility, providing the best trading opportunities for traders around the world.

The best time to trade forex is from 10am-2pm in South Africa, as these are the highest volume hours of the London session.

When all the major players are active, this leads to plenty of price volatility — which leads to many opportunities for profitable trades. Alongside the opportunities, there will be plenty of liquidity too. The London forex markets open at SA Time, and the first 2 hours of the session are the most active. This means the London session is the prime time for South African traders. When the London forex markets are open, the European markets are also in full swing. This is because traders in Europe use London as a platform for their trades — and vice versa.

If you choose to trade during this time, it would be wise to capitalise on high trading volumes and large amounts of volatility. The best way to do this is to choose a trading strategy that suits your needs. In order for you to make the most out of the London session here are a few strategies:. Day Trading — This is where you buy or sell currencies at 10am, hold them until the close of the daily forex market which is at 4pm.

This is a great strategy for you to use if volatility and volumes are your priority. Scalping — The goal of scalping is not to hold currencies over the course of several hours, but simply buy and sell within seconds or minutes.

Due to the high levels of volatility seen in the London session, this trading style can be extremely lucrative. The New York markets open at SA Time. The first two hours of the New York session are great, due to the London trading volume still being there. However, once the London markets shut, the New York markets will be left with much lower volumes and volatility. If you choose to trade forex during this time, we recommend making use of automated trading systems — as these can do the work for you.

You can still take advantage of low levels of risk and high probability trades. The Tokyo markets open at 12am SA Time. During this time frame there will be few other markets open, which means there will be less volatility during this period. Not only will the volume be lower, there will be less opportunities to make money due to the lack of trading activity. In fact, no matter where you are in the world, trading the Asian session is never a top priority. Compared to the opportunities presented in the other sessions throughout the day, there is no need to trade through the Tokyo session.

I have personally caught the tail end of the session before, just as the pre London markets start lining up and that can be useful — but I think that the rest of the session is worth missing.

If you want to be profitable at forex trading, your best bet is by following the trend at all times. Many traders choose to trade from the London session and carry their positions over to the New York session. This is due to European and US economic data releases , which may influence price action in both time zones.

This gives you plenty of opportunities for profitable trades, if done right. If you try to trade forex outside of the prime trading hours, volume will be much lower. Slippage is where your trade execution is not instantaneous and occurs when the price moves against your trading position before it can be filled. The more slippage you experience, the more money is deducted from your account balance. On the chart above, we can clearly see the difference between trading during the prime forex trading hours, or trying to trade out of London and New York sessions, during Asian times.

During that time, spreads would have been much larger too so it would have rendered the session impossible for intraday traders or scalpers. In summary, the best time of the day to trade forex in South Africa is between and , as this is when there will be a large pool of buyers and sellers in the market. This means your trading positions will have the best chance of being filled with lower spreads, as liquidity — or cash available to be traded at any one time — is higher during these hours.

The best time to trade is always going to be when there are a large number of traders in the market. I hope you have found this article useful, please do let me know in the comments if you have any queries or questions. Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders. As the forex prop firm industry has grown, so has the amount of prop firms offering funding for traders. With forex brokers reducing leverage and the industry getting more regulated, trading your Skip to content One of the most common questions I get asked by both beginner and experienced traders is, what time of day should I trade forex, if I am based in South Africa?

Article Contents What Time Of The Day Should You Trade Forex, In South Africa? Trading The London Forex Session, In South Africa Trading The New York Forex Session, In South Africa Trading The Asian Forex Session, In South Africa Can You Trade Forex At Any Time Of The Day? What Will Happen If I Trade Forex Outside Of The Session Times? In Conclusion — When Is The Best Time Of Day For South African Forex Traders To Trade?

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Metatrader gives traders the ability to perform advanced trading operations, run Expert Advisors and copy trades of other traders. All these are sound money management practices that will ensure that you have a better chance of being a successful forex trader. After you have made your choice on the broker, you then need to open your trading account with that broker. So, don't worry if you don't understand this now. Alongside the opportunities, there will be plenty of liquidity too.

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