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And with news, market analysis and industry leading educational resources also available, you can stay up to date with the latest insights wherever you are. However, there are overlaps in time zones of two or more regions. For this reason, 4 major Forex trading sessions are decided upon. These are:.
Weekend trading
These are usually the busiest times of the day within the Forex trading market. The overlap times across the financial centres are:.
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The traders of South Africa can trade currency pairs during anybody of the main Forex trading sessions. The civil time of South Africa for the trading sessions is given as follows:. The participants trade the currency pairs consistent with the civil time. The currency derivatives market operating hours in Johannesburg, South Africa are given as follows:. So now we know that the London session is the busiest out of all the other sessions, but there are also certain days in the week where all the markets tend to show more movement.
Forex Trading in South Africa
Know the best days of the week to trade forex. Below is a chart of average pip range for the major pairs for each day of the week:. Fridays are usually busy until pm EST and then the market pretty much drops dead until it closes at pm EST. This means we only work half-days on Fridays.