Best Time To Trade Forex in Nigeria

The London session coincides with the Nigerian time zone (8AM-12PM).

1. If you actively trade any of these major currency pair, EUR/USD, GBP/USD, EUR/GBP or USD/CHF, then you can trade London session.

Most activity on EUR/USD or EUR/GBP is during the Frankfurt & London opens. So, most of the trading will be done between 8AM to 10:30AM. If you are trading after that time, it is generally low edge setups (atleast that's the case for me).

2. But if you trade other currency pairs like USD/JPY or any JPY pairs, then it is mostly active during Asian & NY session. During London, GBP/JPY does move, but I've not traded it actively.

3. If you trade DAX, then also 8AM to 12PM.

4. If you trade NAS100 or US30, then you will need to trade during NY session. It is most active after 3PM. But you can still see volatility from 1PM Nigeria time.

The spreads also for these instruments are lowest during these active sessions. So, the answer depends on what you trade.

I'll add, first learn about the instrument you want to trade (know why you want to trade it, what is your reason), what time does it move, do you have a strategy to trade it? Does your strategy have any edge on that instrument?

In my opinion the forex market timing is like a U-Shape. The best time to trade forex in Nigeria is at the beginning or end of the "U".

At the beginning of the "U", I mean the start of the market around 8am in the Morning and towards the end of the "U", I mean between 2pm and 4pm when the New York & London sessions overlap.

The key takeaway here is to avoid trading at the bottom of the "U" which is between 10am and 12pm because you may witness slowly moving prices and high spreads.

Be careful when trading forex on Monday mornings (between 7am & 9am) because its the start of a new week and the markets are still finding their rhythm; so chart patterns may not form clearly/completely, and spreads may be higher.

For me I like to trade early in the morning just when the London Session is starting (around 8am).

for me I like to trade in the morning (London session) because at that time I am still fresh mentally/spiritually, and sometimes the London session dictates the trend for the rest of the day.

For me the best time for max profit is middle of New York session around 3:30 PM is fire 🔥

New York session is also great for trading gold

In Nigeria, trading early in the morning or late in the afternoon is best.

Another trick is to enter the maket one hour before a session starts. For example, London session in Nigeria starts by 9 AM so you enter the market by 8 AM and place your trade. TThe advantage of doing this is that if you are lucky you get to ride the market trend from its infant stages before other ratail traders spot it.