What Time Does the Forex Market Open in South Africa
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What Time Does the Forex Market Open in South Africa?

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Forex is considered to be a 24/5 market. Yes, that is the case, but there is a minor technicality involved. The forex market operates worldwide, and it has different sessions. As a result, traders can trade almost all day, making it 24 hours a day, five days a week. 

This article will answer your question, What Time Does the Forex Market Open in South Africa? And we will address everything you need to know related to it. 

What Time Does the Forex Market Open in South Africa? – Trading sessions

Forex trading is the most volatile trading market. Hence, a trader can’t sit all day long and watch the charts. Forex offers different trading sessions that traders can choose from based on their convenience. 

Users can choose a trading session that suits their trading session. Four trading sessions are;

  • London session
  • Tokyo session
  • New York session
  • Sydney session

These sessions cover all the time zones, and traders can pick one they want now. Let’s see at  what time does the Forex market open in South Africa?

New York Trading session

It is one of the most popular sessions in Forex trading,

    • GMT      12:00 to 20:00
    • EST        08:00 to 16:00
    • BST        13:00 to 21:00

 

  • SAST      14:00 to 22:00 (South African time)

 

According to the New York/North American trading hours, South African traders can start trading around 4 pm. Almost 17% of Forex trades take place in the New York session. This is a good time for most traders because the Asian session closed recently before the New York sessions started, and the European session has gone flat by this time. 

Almost all currencies can be traded in the New York session, and everyone has to pay attention to it since the USD serves as the base currency in trades. 

London Trading session

The timings for the London session are;

    • GMT      07:00 to 16:00
    • EST        03:00 to 12:00
    • BST        08:00 to 17:00 

 

  • SAST      09:00 to 08:00 (South African time)

 

Europe is a considerable Forex market. London open is a critical trading session since many important trading centers are in Europe. 43% of trades happen in London open.

Tokyo Trading session

Tokyo is a bustling market for stock trading, and the case is similar for Forex;

    • GMT      23:00 to 08:00
    • EST        19:00 to 04:00
    • BST        24:00 to 09:00

 

  • SAST      01:00 to 09:00 (South African time)

 

Japan is the third-largest trading center, and the yen is the third-largest trading currency in Forex. Tokyo session experiences the highest liquidity at the start of the week. 

Sydney Trading session

Sydney session doesn’t get a lot of attention because of unfavorable trading hours for other people,

  • SAST 08:00 TO 10:00 

South African traders with evening or night shifts find this trading session favorable. 

Tips

We have a few valuable tips for our readers interested in the question: What time does the Forex market open in South Africa?

Tokyo Market:

  • Low liquidity rates

It is relatively less active. 

London Market:

  • Most active market
  • Currencies are most active

New York Market:

  • Second most active market
  • USD is the most active

Final word

After reading this article, our South African readers will know the answer to that. What time does the Forex market open in South Africa? Moreover, our tips are helpful to have a basic idea about trading in a market. 

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