The best Kenyan times to trade the forex market - daily forex market news and analysis

The best Kenyan times to trade the forex market ~ daily forex market news and analysis

Volatility of a currency pair is the backbone to executing a successful forex trade A currency’s volatility depends largely on the type of currency you trade and the time you trade. Being in Kenya, a forex trader must realize that you don’t just wake up in the morning and execute a trade. Successful forex trading by Kenyans can only be realized if the right time to enter a trade in the online forex market is taken into consideration before executing a trade.

Every Kenyan engaged in the trading of forex should appreciate the need of trading only during the London and New York Sessions.

Below are the best Kenyan times to trade forex in the online market.

London Session-11 am – 8pm

If you are trading the 4 hour chart, by 3 pm the first candlestick would have formed. That is the best Kenyan time to look at your forex market charts if you didn’t execute a trade at 11 am.  The next candlestick will form 4 hours later when the London Session closes.

London and New York Sessions overlap

This happens from 4pm- 8pm Kenyan time and it is arguably the best time to actually enter and exit a trade. The 4 hour forex chart traders have the advantage of enjoying the most volatile hour of trading if they execute their trades at 11am or 3pm and hold on till the overlap begins.

Forex traders can also look to trade at 12am (midnight) Kenyan time, if they are using the 4 hour chart.

New York Close

The late hour forex trade can be executed at 1am Kenyan time at the close of the New York session. This is applicable to forex traders that use the daily chart and hold onto their positions for days. It is the best hour to trade forex by a beginner hoping for quick success.

There you go. You know the best times to trade forex while in Kenya. Make up your mind and decide on the best times for you to trade in the online forex market. For the employed, you’ll probably have to wait until 8pm before you can execute a trade. That does not mean that you cannot check the market at any time of the day. But the best times to trade are when the candlestick formation is complete. This is especially important to the price action forex traders who only trade specific candlesticks.
You do not need huge capital to start trading. Open a trading account with NORDfx and trade both forex and binary options for only 10 dollars.
Call us today on 0725 050 419 for the best forex trading orientation.

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