Best Time to Trade Forex in Kenya – FX Guide

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The best time to trade currency is something one may want to consider when trading forex. For example, is there any best time to trade forex in Kenya? The question of how to handle forex trading times is a common one, but new traders often do not know the answer. Especially for beginners, choosing the optimal forex trading hours can be difficult.

How exactly do forex market hours or trading hours work? This term has a variety of meanings depending on who you ask, including brokers and forex traders!

Throughout this article, we will define to the best of our capabilities when the best time to trade forex is in Kenya. There will also be answers to some burning questions traders may have, such as, “what are the best pairs to trade during the Tokyo session?

In addition, we will clarify the forex trading session in Kenya time to devise a smart strategy. However, the following article may help you understand a few things before getting to the big question.

Types of forex traders in Kenya

A variety of options are available for forex trading. Kenyan forex traders can be classified into two main types based on their trading hours.

  1. Day trader
  2. Night trader

A day trader is defined as someone who trades forex on an intra-day basis, often changing positions and profiting from short-term price variations to make small profits within a day.

An effective day trader knows when the forex market opens and closes each day. In Kenya, people know when to trade forex based on their characteristics and lifestyle since they plan their trading around their own schedules to maximise their profit-making potentials and minimise risks at the same time.

Night traders are forex traders who trade between 9 PM and 5 AM in Kenya – the same hours as a day trader.

Forex trading sessions

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There are four different forex trading sessions around the globe for those who aren’t familiar with them. The different forex trading sessions are determined by the different time zones and standards of timekeeping. The following table defines each session as well as lists all forex trading sessions in Kenyan time. Here are the sessions:

New York Session Time in Kenya (US session)

Forex trading hours in New York occur from 2 PM to 8 PM EST, while in Kenya, New York, Sessions are from 2 PM to 1 AM. These sessions are the world’s second-largest forex trading sessions. One of the reasons why the USD is so widely traded is that it is the most traded currency globally.

At this point in time, the USD is especially volatile, with NYSE (New York Stock Exchange) movements having a significant impact on the currency.

London Session Forex Time in Kenya (UK session)

In the United States, forex trading hours occur during the daytime, so the European trading hours are equivalent to the New York ones. Every trading day, the London session begins at 5 PM and goes until 3 AM GMT.

Several global banks like the Bank of England and the British Central Bank have their headquarters in London, another major player in forex trading.

Technical traders should take advantage of this period because most forex trends originate in London. For example, in Kenya, the London forex session runs from 11 AM until 7 PM.

Tokyo Forex Market Hours (Best Pairs to Trade during Tokyo Session)

Every trading day in Tokyo, forex sessions begin at 1 PM and continue until 10 PM JST. Our most frequent question about forex is, “What are the best pairs to trade during the Tokyo session?” This trading session is focused on Asian markets. Traders interested in this time may find any trade involving the JPY (Japanese Yen) works well since the Bank of Japan has great influence over this currency.

Currency pairs such as USD/JPY, GBP/CHF, and GBP/JPY are best to trade during the Tokyo sessions.

The Tokyo session begins at 3 AM and concludes at 12 noon in Kenyan time.

Sydney Forex Market Hours (Australian Session)

The Sydney forex trading session runs from 9 AM to 11 PM on AEST time every trading day in Australia. However, Kenyan time dictates that this session can be traded between 11 PM and 8 AM Eastern Standard Time (EAT).

Compared to the other trading sessions, this one is the shortest. However, when the markets open on Sunday evenings, there is always a lot of activity as traders get back into it after a long break from forex trading.

Forex Trading Sessions Forex Trading Sessions in Kenyan Time
Sydney 11pm – 8 am
Tokyo 3am – 12 noon
London 11am – 7 pm
New York 2pm – 1 am

The Best Time to Trade Forex in Kenya: Forex Trading Times

By knowing how these markets operate, their strengths, and their weaknesses, you will make better decisions. You have to consider your time schedule, the instruments you plan to trade, and the best time to trade forex in Kenya.

During regular market hours, if you have a full-time job and cannot keep up with live market updates, trading after business hours or at night might be a better option for you.

You can, however, utilise the flexibility of your regular job if it allows it. Depending on where you are in the world can affect the best time to trade any forex market. Kenyan traders tend to make their most profitable trades from 8:30 AM – 17:00 PM KEN Time (GMT+3).

This is a time widely agreed upon by experts, but it doesn’t mean you only need to trade during one session. At this time, you will be able to participate in both the Tokyo and London sessions as well as the New York session time in Kenya

How to pick the best forex trading time for you?

While choosing the best for trading times in Kenya, you have to take into consideration several factors. There can be various factors to consider, including the availability of brokers, the forex market conditions, and your own preferences. Therefore, before choosing a forex trading session, take the different sessions in Kenyan time into account.

For instance, you can trade the currency markets when economic statistics aren’t being released on certain days. In addition, a reduction in emotional effects on the price charts may allow for a better application of technical analysis to potential trades.

Other economic reports are also scheduled for release today, including German and Japanese manufacturing reports published at 10:00 PM GMT+_ 3 and 02:50 AM GMT+3.

Forex market hours: overlaps in forex trading times

In the following section, we will investigate the trading hours’ overlap for two or more exchanges. It is generally the case that there is at least one major foreign exchange. Generally, at least one major foreign exchange market centre will remain “empty” during normal business hours or does not cross over with another one. Here are some instances of overlap:

  1. US London overlap– This occurs around 6 PM and 7 PM Kenyan time, and during this time, the market is highly volatile. The fact that 70% of traders trade during this time indicates it is among the best times to trade.
  2. Sydney Tokyo overlap– This occurs from 3 AM to 8 AM local in Kenya and is known for high Pip fluctuation at this time.
  3. London Tokyo overlap– This occurs between 11 AM and 12 AM and is characterised by sharp changes in pip rates.

What you may want to check out for!

A good place to look is forex trading sessions in Kenya, which typically signal high volatility or sentiment in a particular market or instrument.

It is always best to buy a new asset class when it experiences a significant move, at a time when traders are emotionally or at their most irrational – before they digested recent news.

There is no better time to trade than after earnings reports are released for key sectors like retail and technology, so if you are trading equities, watch out for news that impacts key sectors such as retail and technology. Then, get up early to take advantage of this great opportunity!

What to do if it’s the best time to trade forex in Kenya for you?

Now that you know what forex trading zones are, you can put them into practice. Also, you can figure out the different forex trading sessions in Kenya.

The result is you’re in the best position to pick the best forex trading hours and design a winning strategy.

It’s important to consider that these time zones are relative, so what’s best for you might not be best for someone else. If you have trouble deciding upon a good forex trading time zone, then it’s best to go with what feels right in your gut.

Benefits of finding a good time zone for your trade

When is the best time for you to trade forex in Kenya, or for yourself, can be determined by you finding the best time zone or forex trading session. Here are some benefits that come with it:

A time zone allows you to trade at a time that is favourable to you to take advantage of the market you are in.

Before making a trade based on these time zones, a lot of information is released during this time, and you can see how the market reacts to it.

Time zone differences allow traders to select the best currency pairs to trade based on the strength of the biggest currencies in a particular region. You can use them to determine the best forex broker to join to a certain extent.

How many hours of trading per day do you need to make money in forex?

Profits on individual trades and how many trades you win determine your ability to make money trading forex. Typically, a trader can make up to 100 trades in a month if they trade for two hours during peak trading hours.

What’s the best trading forex session in Kenya?

Due to Kenya’s location in East Africa, it observes Eastern African Time. So now let’s show Kenyan time matches up with currency trading times around the world.

 

Trading Session EST EAT Nairobi
Sydney Open: 3PM Close: 12AM Open:11PM Close: 8AM
Tokyo Open: 7PM Close: 4AM Open: 3AM Close: 12AM
London Open: 3AM Close: 11AM Open: 11AM Close: 7PM
New York Open: 8AM Close: 5PM Open: 3PM Close: 12PM

 

Kenyan traders will find it most beneficial to trade between 11 AM and 5 PM because, during these hours, the London and New York sessions overlap. In addition, trading during these hours is likely to be the most volatile.

Trading may be possible during any session, but many traders may not be able to burn the oil at night.

Based on the above table, all sessions except Tokyo are conveniently spread out during the day. Therefore, these overlap sessions might be worth trading.

Forex trading in Kenya

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Nairobi’s CBD is just a 10-minute commute from Kahawa Wendani; traders can take a hot shower and trade when the New York session opens.

Kenyan forex traders have the advantage of watching the market trends based on the Tokyo session and the London morning session before the overlap begins.

When the London and New York sessions overlap between 6 and 7 PM in Kenya, that’s the time to place your trade if you’d like to make good money through forex trading.

Market liquidity is at its peak at this time, so you have a good chance of making money. Rather than waiting until dinnertime, you can hurry up and close your order before dinner and surprise your better half.

Bottom line

There is some risk involved in trading in Kenya, but with this guide showing you the best time to trade forex in Kenya, you are equipped with all the information to start you off on the right path.

This is because each of these forex trading sessions has its own characteristics, and the overlaps can potentially lead to opportunities that may just be what you need. It is, however, important to trade carefully when trading forex since a wrong step could result in big losses.

Overall, pick a time that is convenient for you. Then, embrace the experience, and you will not be disappointed. This is all you were expecting from this article up to this point!

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