If you have read any books about Forex Trading, you know how strategies can change the whole game. And many of them consist of currency exchange time.
The times of opening and closing of the market can play an integral role in making better decisions. Since South Africa has many Forex traders, it is good to know the timing of the region.
If you are not familiar with this, we have got it covered for you. Here, we will tell you the Forex Trading Sessions in South Africa Time PDF. Let’s get started.
Forex Trading Time in South Africa
The forex trading times depend on four centers, namely Tokyo, London, Sydney, and New York. These four locations complete the 24-hour cycle.
You can trade almost any time on five days of the week. This is commonly referred to as liquidity in the market.
However, there is a rollover time every day. This time depends on the brokerage company you are dealing with. The duration of the rollover lasts from 2 – 5 minutes. During this time, you can not place any trades.
With that said, let’s look at the Forex Trading Sessions in South Africa Time PDF.
- Forex Trading Sessions in South African Local Time
Whether it is banks, companies, or investors, there is a limited trading time in every region. It falls between 9 AM to 5 PM in South Africa. During this period, you can trade currency pairs in the Forex world.
Forex timing starts in New Zealand and closes in the United States. As mentioned earlier, four centers make up the full-day cycle.
We have converted their timing into South African local time. Here is a simple table that shows the opening and closing Forex Trading Sessions in South Africa Time PDF.
|Center||Opening Time (South African Local)||Closing Time (South African Local)|
|Tokyo (Asia)||1 AM||9 AM|
|London (Europe)||9 AM||6 PM|
|Sydney||11 PM||7 AM|
|New York||2 PM||10 PM|
Are you wondering what the best time for Forex Trading in South Africa is? Well, no more. Let’s find that out too.
- Best Time To Trade in South Africa
So, what is the best time to trade in South Africa? Well, there is no straightforward answer. Tokyo, representing Asia, has the poorest liquidity. On the other hand, NY and the European Market have higher liquidity.
If you want to have the best trades, you should not opt for the middle of the day. It is the time that records the lowest liquidity. That is because the start and end of the day attract more traders.
However, it varies depending on what type of trader you are. For instance, you can pick a specific time if you are only doing it as a side-job. For full-time traders, they should monitor the market throughout the day.
This article will give you a clearer perspective of Forex Trading Sessions in South Africa Time PDF. By picking the right time, you can take your trading game to the next level. You can also strategize better according to the market’s current state.