The Best Trading Time Ever!.

Forex trading is awesome!

Asides from the ease of making cool cash without having to spring out of bed, take hurried baths and face crazy road traffic, you also get to dictate your ‘take-home salary’ and how frequently you want to receive it.

The Forex Market opens 24 hours a day and 5 days a week! With careful planning, you can plan just when and how frequently you want to earn.

In preparing an effective trading plan, it is pretty important to know the best times to trade the Forex market because it is not always active for the whole 24 hours.

The Forex Market never sleeps but it naps/rests!

This explains why it is super happy and volatile at one time and snail-speed slow at other times.

Since you’re trading to make profits, your target should always be at those times that the Forex market is happy— super active, volatile and ready to splurge for even the most carefree and undeserving Forex trader!

The very first step to determining the happy times of the Forex market is getting acquainted with the major Forex Trading sessions.

The Forex market is a global market having many traders over the world, and for this reason, different trading sessions exist.

The four major trading sessions are the New York, Sydney, Asia and London sessions.

These sessions are bound by varying time zones and therefore have different opening and closing times.

The combination of all four sessions makes up the 24-hour Forex market. Interesting, isn’t it?

Now you must be wondering: “What has the four trading sessions got to do when Nigeria is not even among?”

Don’t worry, it’ll all make sense in a bit!

To get started, I have compiled the opening and closing times of the four sessions and converted them to Nigerian time zones:

Trading Session

Opening

Closing

New York

1 PM

10 PM

London

7 AM

4 PM

Asia

12 AM

8 AM

Sydney

10 PM

7 AM

If you examine the table closely, you’ll observe that there are times when the opening times of two sessions coincided or overlapped (e.g., London and Asia sessions).

These are the juicy Forex Happy Hours and are regarded as “Market Overlap” because so much more volume is traded when two markets are simultaneously open.

It is during these periods that the Forex market is super volatile and willing to splurge ‘giveaways’ to everyone—provided you’ve got what it takes!

The next big question lies in determining the ‘Forex Happy Hours’ as it applies to Nigeria!

Since the Happy Hours of the Forex Market are when two or more market sessions overlap, the best time of the day to trade as Nigerians is between 7:00 am and 4:00 pm when the New York and London sessions are open.

 

Are you new to 7Bforex? Come experience the thrill of trading in the Naira currency by opening an account.

To commence this journey, we're offering you a free N10,000 startup bonus! If you are an experienced Forex trader and can prove your expertise, drop a comment below to be guided on how to apply.


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