Forex Trading Sessions

Although forex trading is said to take place 24 hours, the truth is that forex markets usually close for the day like any trading market. However, the internet has made it possible for traders to speculate any time of day or night during the week.

This is because forex trading is carried out from different regions that have varying time zones. The major forex trading centers are: Sydney, Tokyo, London, and New York.

Due to time difference between these centers, we have different forex trading sessions: Tokyo session, London Session, New York Session, and Sydney Session.

Most of the sessions open between 7:00 and 9:00 am and close between 4 pm to 6 pm local time in their respective time zones. For instance, Sydney session opens at 7:00 am and closes at 4 P.M. local time, which translates to 8 pm – 12 pm GMT and 11:00 am to 8:00 pm east African time. The table below summarizes the trading sessions.

Local Time EST GMT EAT Nairobi BST (GMT+1)
Sydney Open – 7:00 AM
Sydney Close – 4:00 PM
3:00 PM
12:00 AM
8:00 PM
5:00 AM
11:00 PM
8:00 AM
10:00 PM
7:00 AM
Tokyo Open – 9:00 AM
Tokyo Close – 6:00 PM
7:00 PM
4:00 AM
12:00 AM
9:00 AM
3:00 am
12:00 pm
1:00 AM
10:00 AM
London Open – 8:00 AM
London Close – 4:00 PM
3:00 AM
11:00 AM
8:00 AM
4:00 PM
11:00 am
7:00 pm
8:00 AM
4:00 PM

New York Session             8:00 AM – 5:00 PM EST         3:00 PM – 12:00 PM EAT

What is the best Time to Trade Forex in Kenya?

If you want to trade forex in Kenya, you will consider the time zones. The Tokyo session opens at 3:00 am East African Time (EAT). Thus, you have to wake up and deny Jesus three times Peter style before the cock crows if you want to catch the busy opening hours of the Tokyo sessions.

The best time to do forex trading in any Kenya is when the market is busy. Although you can trade any time during weekdays and Sundays, there are those times when the forex market is snoozing. For example, on Friday evening people often close their trades to hang out and celebrate beer.

Trading in Kenya is actually a privilege because the two busiest and most liquid sessions overlap during the day in Kenya. New York session opens just as the London session is resuming from lunch break, and traders literally go crazy at this time.

At this time news from the United States are coming in, and traders have monitored the Tokyo movements from earlier on. So yeah, this is the time to dance hokey pokey in the forex market.

Especially so for a trader in Kenya who is just about to close business for the day. It is 5 P.M., hurray! Rush hour…

Part Time and Full Time Forex Trading in Kenya

Part time traders can have the luxury of commuting from Nairobi CBD to Kahawa Wendani, take a warm shower, and trade right on time as the New York session opens.

A full time forex trader in Kenya also has the advantage of reading the market trends based on the Tokyo session and London morning session, before the overlap begins.

So, if you want to make good money through forex trading in Kenya, spend the day reading the market, and take your position between 6 and 7 PM when the London and New York sessions overlap.

At this time the market is most liquid, giving you an opportunity to make good money. Hey, in fact you can close your order before dinner and surprise your other half with chicken and pizza.