Market Hours (UTC +1)
When To Trade Forex in Nigeria (by currency pairs)
Depending on the currency pair you want to trade, these are the best times to trade in Nigeria:
| 🛒Instrument | ⌚Trading Time | 🌎Trading Session |
|---|---|---|
| EUR/USD | 7:00 am - 5:00 pm | London, New York |
| XAU/USD (gold) | 1:00 pm - 9:00 pm | New York |
| GBP/USD | 9:00 am - 5:00 pm | London, New York |
| EUR/GBP | 7:00 am - 5:00 pm | London, New York |
| USD/JPY | 1:00 pm - 9:00 pm | New York |
| USD/CAD | 1:00 pm - 9:00 pm | New York |
| AUD/USD | 1:00 pm - 9:00 pm | New York |
| USD/CHF | 1:00 pm - 9:00 pm | London, New York |
When To Trade Forex in Nigeria (by asset class)
Depending on the asset class you want to trade, these are the best times to trade in Nigeria:
| 🛒Asset class | ⌚Trading Time | 🌎Trading Session |
|---|---|---|
| Currencies | 7:00 am - 5:00 pm | London, New York |
| U.S. Stocks & Indices (NAS100, US30, etc.) | 1:00 pm - 9:00 pm | New York |
| U.K Stocks & Indices | 9:00 am - 5:00 pm | London |
| Asian Stocks & Indices | 12:00 am - 6:00 pm | Asia |
| Crypto | 24/7 plus weekends | All sessions |
Frequetly Asked Questions
What time is London session in Nigeria
The London session opens by 9:00 am in Nigeria and it closes by 5:00 pm.
What time is New York session in Nigeria
The New York session opens by 2:00 pm in Nigeria and it closes by 11:00 pm.
What time is Asian session in Nigeria
The Asian session opens by 12:00 midnight in Nigeria and it closes by 6:00 am in the morning.
As a Nigerian trader, which timezone should i set on my TradingView?
If you are using TradingView platform, set your timezone to UTC. You will notice a 1 hour difference between the time on your TradingView and that on your laptop. This means that 9:00 am on your laptop will be 8:00 am on your TradingView, which is fine.
Is it good to trade forex in the night?
No, it is not good. Do not trade forex in the night (which is the Asian session) because trading fees such as spread are usually high at night, and price movement is always slow.
Can I trade forex during the weekend?
No, you cannot trade forex during the weekend because the forex market closes on weekends.
Can I trade forex on Christmas & New Year holidays?
No you cannot, the forex market is closed on Christmas and New Year days.
Can I trade forex on Easter holiday?
Yes, you can trade forex during easter holidays, as the market remains open. However, you may encounter high trading fees when trading on easter holidays.
When does the forex market close on Fridays?
Every Friday, the forex market closes for the weekend by 11 pm in the night.