when does London session open in Nigeria, is it by 8 am or 9 am?
Hi members, I usually get confused about when the London forex trading session actually opens in Nigerian time. I watched some YouTube videos, and some people say 8 am, some say 9 am and some even say 10 am. With so many conflicting times, when is the real time the London session starts in Nigeria?
From the end of March till the end of October every year, the London session opens by 8 am in the morning. But from November till middle of March the London session opens by 7 am Nigerian time.
The reason for the discrepancy in London session opening time in Nigeria is due to something called daylight savings.
During daylight savings the London government order that their clocks, be adjusted forward by one hour; making London time to be the same as Nigerian time.
But when daylight savings is over, the London government orders the clocks to be reversed back by one hour, and so Nigeria will then be ahead of London by 1-hour. The implication is that the London forex session that used to start by 8 am in Nigeria during daylight savings, will then start by 7 am after daylight savings ends and London clocks are reversed.
It's a bit confusing to grasp but I hope this helps.
It starts by 8 am in the morning but towards the end of the year (November/December) it changes to 7 am and remains that way till march.
The first & last hours of the London session are the most important:
The first hour of the London session (between 8 and 9 am) is very important so take note of it. Also take note of the 4pm closing price of the London session so you use it in your top-down analysis for the next day's trading. Cheers
In Nigeria, the London session opens from 8 am in the morning and it ends at 4 pm in the afternoon.
Daylight Savings Time (DST) ended yesterday 26th October so from today, the London forex session in Nigeria starts by 7 AM.
Daylight Savings Time (DST) ended yesterday 26th October so from today, the London forex session in Nigeria starts by 7 AM.
@Kemi, youre too early. DST starts on the last Sunday of March and ends on the last Sunday of October. So, London session will still starts 8 AM till after the last Sunday of October before it reverts to 7 AM
@Kemi, youre too early. DST starts on the last Sunday of March and ends on the last Sunday of October. So, London session will still starts 8 AM till after the last Sunday of October before it reverts to 7 AM
@kemi sorry I made a mistake which I am just seeing now. During DST, London session in Nigeria opens by 8 AM but after DST London session will open at 9 AM in Nigeria. And like I said, DST starts on the last Sunday of March and ends on the last Sunday of October so currently at the time of writing this, DST is over and London session strts 9 AM.