Forex Trading Time in Kenya

Forex Trading Sessions for Kenyan traders

Major Forex trading sessions can be divided into four:

1. Sydney Session
2. Tokyo Session
3. London Session
4. New York Session

Among them, three trading sessions are traditionally more important: Tokyo (Asian), London (European), and New York (North American). Rather than focusing on trade in all sessions, expert traders often focus on one of these sessions. These three sessions are often referred to as the “forex 3-trading system”, the forex market’s most active sessions.

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When is the Best Time to Trade Forex in the Kenyan time zone?

Kenya is located in East Africa and observes Eastern African Times. It fits into the global forex trading times as follows:

The optimum trading hours for Kenyan traders according to the table above would be from 11:00 to 17:00, when both the London and New York sessions are active and overlap each other. During these trading hours, volatility will be at its peak.

Even if it is feasible to trade during any session, the bulk of traders may not be able to stay up through the night. If you look at the table that’s been provided, you’ll notice that, with the exception of Tokyo, the other three sessions have been thoughtfully dispersed across the day. Therefore, it is possible that it will be profitable to trade during such overlapping sessions.

If you are able to get up during the times when the trading sessions in Tokyo and London or London and New York overlap, you will be able to take advantage of the sessions that are the most liquid and turbulent.

In addition to determine what is the best time to trade it is also a good idea to trade with a broker that offers a forex no deposit bonus which is a free, first deposit that you’re given by your forex broker, allowing you to start trading without risking your own capital.

What Time Does the Forex Market Open in Kenya?

One of the other common questions we get asked about forex trading times in Kenya is, at what time does the forex market open in Kenya?

It’s important to note that the forex market remains open for 24 hours during most weekdays. Trading comes to a stop during the weekend with the closing of the New York session on Friday midnight, Kenyan time.

1. The London – New York Overlap Window

The best forex trading time in Kenya is between 1600 and 2000 hours (4:00 PM and 8:00 PM local time). At 1600 hours, the London and New York trade sessions start to overlap. The overlap continues up until 2000 hours. The market is most liquid at this time. As a result, most brokers have the lowest spreads at this time.

Apart from the obvious overlap of the two most active sessions, I also (personally) believe that this is the best time for most forex traders in Kenya to get some action going. The session is right at the end of the day, time for most of us to come home from other daytime hustles, grab a quick shower, and settle down to analyze the charts.

By the time the overlap is fading at 8 PM local time, we also fold our trading for the day and get ready to take a most needed shuteye.

Mostly, any market trends that were established during the European session tend to continue during this overlap window. It is therefore important to study what has been happening in the market during the last few hours before you dive in.

2. The London Session Forex Time

The best time to trade forex in Kenya is typically during the London session, when the most volume occurs. The reason for this is that the London session has the most liquidity, which means that there are more buyers and sellers in the market and prices are more likely to move in response to news and events.

The London Forex Session is the busiest forex trading session. The reason it is so active is because London is the financial center of the world. Many banks and financial institutions are headquartered in London, and as a result, there is a great deal of foreign exchange activity.

About 30% of all forex trade transactions happen during the London session. Major currencies see moves of 80+ pips during this session.

And Depending on the time of year, the London forex trading session starts at 10:00 or 11:00 AM Kenya local time.

If you’re a full time forex trader, the London session, which also happens to be one of the most liquid sessions, offers you ample time to trade. The session remains open until  7/8 PM. This is more than enough time for a full time forex trader to open and close positions without keeping some ungodly hours

Apart from the above listed major trading sessions, active traders also take account of the four other Minor trading sessions:

1. Singapore Session
2. Hong Kong Session
3. Wellington Session
4. Frankfurt Session