When does the forex market open & close in South Africa?

The forex market opens on Sunday in South Africa by 10 PM (an equivalent of 7 AM in Australia where the forex market usually opens first). This is because South Africa and Australia have a 9 hour time difference or you can say Australia is ahead of South Africa by 9 hours.

The forex market also closes on Friday in South Africa by 11 PM (an equivalent of 5 PM in New York which is the last session for each day). Remember that South Africa is 6 hours ahead of New York.

Take note that this is how the forex sessions go in sequence: starts in Australia/Tokyo, proceeds to London & ends in New York.

Great morning Josiah,

Let me contribute to this thread. The forex market stays open 24/5 and only closes on weekends. So all through the week (Monday to Friday) trading takes place nonstop.

for someone in South Africa, the forex market will open on Sunday in the night at about 10:00 pm and when it opens you will be witnessing the Asian session which is not a very good time to trade.

After opening, the forex market will remain open during all work days (except major public/bank holidays) and close by 11:00 pm in the night on Friday in South Africa.

The forex market has to close on Friday because the main actors are big banks and thy don't work on weekends.

if you want to trade during weekends, consider trading cryptocurrency or derived indices.