Forex session times in Nigeria explained (Wellington, Sydney, Tokyo, London, New York)
1. Wellington (9 pm to 6 am)
The Wellington (New Zealand) session is usually the first forex session to open. In Nigeria, It starts by 9 pm and ends by 6 am UTC+1 the following day. This forex session is ideal for trading pacific pairs such as NZD/USD, AUD/NZD etc. Wellington is also a great forex session for trading XAU/AUD, XAU/NZD, and other commodity pairs.
2. Sydney (11 pm to 7 am)
The Sydney (Australia) forex session in Nigeria, starts from 11 pm and ends by 7 am UTC+1 the following day.
The Sydney session is great for trading AUD currency pairs such as AUD/USD, AUD/JPY etc. It is also a great time to trade XAU/AUD because Australia is one of the worlds largest gold producers. Sydney is also ideal for trading soft commodities like grains, diary etc. as Australia produces/exports these in great numbers.
3. Tokyo ( 12 midnight - 8 am)
The Tokyo forex session in Nigeria starts by 12 midnight and closes by 8 am UTC+1 the following day. Tokyo is great for trading JPY pairs such as USD/JPY, AUD/JPY, etc.
4. Singapore ( 1 am - 9 am)
The Singapore forex session in Nigeria starts from 1 am and ends by 9 am UTC+1 time. if you are into trading SGD FX pairs this will be a good time to trade. The ending of the Singapore session, overlaps with the first hour of the London session creating peak liquidity for pairs like GBP/SGD, EUR/SGD, etc.
5. Frankfurt ( 7 am - 3 pm)
The Frankfurt (German) forex session in Nigeria opens by 7 am and closes by 3 pm UTC+1. The Frankfurt session is very important if you are trading any pair that contains the Euro. Frankfurt is also an important session for those trading gold pairs.
6. London ( 8 am - 4 pm)
The London forex session in Nigeria opens by 8 am and closes by 4 pm UTC+1. London is the most consequential forex session because of its high volume making it the most active forex session.
The London session at different times, overlaps with the Frankfurt and New York sessions creating maximum liquidity. If you are trading gold, euro pairs and USD pairs; then the London session is the go to session.
7. New York ( 1 pm -9 pm)
The New York forex session in Nigeria starts from 1 pm and ends by 9 pm UTC+1 time. Between the hours of 1 pm and 4 pm, the New York session coincides/overlaps with the London session creating a burst of liquidity. New York session is best for Nigerian traders to trade XAU/USD, US Indices like Nasdaq, USD FX pairs, etc.
7. New York ( 1 pm -9 pm)
The New York forex session in Nigeria starts from 1 pm and ends by 9 pm UTC+1 time. Between the hours of 1 pm and 4 pm, the New York session coincides/overlaps with the London session creating a burst of liquidity. New York session is best for Nigerian traders to trade XAU/USD, US Indices like Nasdaq, USD FX pairs, etc.
Thanks @yokoyi, I made this pictorial diagram to simplify it
