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When Is The Best Time To Trade Forex in South Africa for Low Spreads?

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@sizwe_twala - 9 months ago - Forex Trading Strategies

Hello, please based on your personal experiences & not text book approach, what are the best times to trade forex in South Africa to get low spreads and better trading conditions? Have you found that trading forex at a certain time gives you an edge? If yes what is the edge?

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@mr_casey - 6 months ago

Depends on the currency pair you are trading. For eurusd, gbpusd, usdjpy, the best time is between 7am and 8am in the morning (South African time ) and you will get low spreads.

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@chris_4eva - 6 months ago

Trade 1-hour before the London session opens or you can trade the first 1-hour of the London session open, you are bound to get tighter spreads and higher liquidity during these times.

Personally I don't like trading in the afternoon because that is when they always release all sorts of news on TV and this news can affect the market equilibrium and cause spreads to become higher.

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