6/24/2023 0 Comments Forex market time converterFor instance, when there is a major release of government reports or major economic news. The traders of South Africa also have to keep in mind that they should be aware of the other forex trading hours. 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. (EST) as during this period the Forex trading sessions of London and New York are active. The South African traders should trade EUR/USD, GBP/USD and USD/CHF from 8 a.m. If a South African Forex trader is inclined towards trading EUR pairs and GBP pairs then, s/he should consider trading the said currency pairs during the period of the London Forex trading session. 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. Anyone can invest in the Forex market from any region during the major trading sessions. It is by definition Foreign Exchange, involving the currencies of more than one country. The Forex market is not limited to a single region. 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 traders depend on the various trading charts, technical indicators and so on to determine the trading strategies that they should implement. *The times mentioned in the table above are all in local time.Įven 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 currency derivatives market operating hours in Johannesburg, South Africa are given as follows: The traders make more profits in actively traded markets and therefore should not waste precious time behind slow and quiet markets. The participants trade the currency pairs according to the local time. The Forex trading market, according to the market analysts, in South Africa offers more opportunities to the traders or investors when the Forex market is more ‘active’ in Johannesburg, that is, substantial volumes of trades are available for trade in the market. The local time (of South Africa) for the trading sessions is given as follows: The traders of South Africa can trade currency pairs during any one of the major Forex trading sessions. The overlap times across the financial centres are:įorex Market Hours in Johannesburg, South Africa These are usually the busiest times of the day in the Forex trading market. 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.Īs 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. Apart from these major Forex trading sessions, the market opening and closing times depend on the local business hours. The Forex trading hours may differ slightly in April and October as many countries observe daylight savings time (DST). For this reason, 4 major Forex trading sessions have been decided upon. However, there are overlaps in time zones of two or more regions. Therefore, forex trading hours are constructed according to the time in which the countries participate. The international currency markets include various financial institutions like banks, investment management companies, commercial companies, hedge funds, and forex brokers and investors. The term “Forex Market Hours” basically refers to the time slot in which the participant (trader) can Open/Close a position and exchange and speculate on the price movement of the currency pairs. So if a person wants to trade forex beyond the market hours of the region s/he is located at, then s/he has to choose the market of another region whose trading hours are still open. This is possible due to the fact that forex trading is not limited to one location and depends on the various markets around the world. The traders can play the forex market 24 hours a day, five days a week. The Forex/CFDs market is the ‘largest’ financial market and trades near about $1.5 trillion per day.
0 Comments
Leave a Reply. |