The currency market has its own pros and cons. For example, volatility is highest during the Asian sessions. Traders can trade on the daily, weekly or monthly charts, depending on their preference. It s important to select the right time to trade, as all markets are not created equal. To avoid risk and maximize profits, traders should select the right timeframe. This guide will help you find the best time to trade forex in South Africa.
The best time to trade forex depends on many factors, including the market. The foreign exchange market is open 24 hours a day, five days a week. The global Forex market closes at 23:00 in South Africa on Friday nights, and opens at 23:00 on Sundays. You can find great opportunities for trading currency pairs on these days. You can also trade on weekends, and make some serious cash.
AvaTrade s training materials include video tutorials, trading guides, and technical analysis. It also offers a free e-book on the basics of trading. In addition to video tutorials and trading guides, AvaTrade offers technical analysis and forex education. They also have a trading app with low fees. You can use this tool to automate your trading and duplicate expert strategies. Just make sure to study the time and fees before you start trading.
When is the best time to trade gold in South Africa? It depends on your trading style. You can trade gold during the U.S. session if you re looking for the highest liquidity. The London session is the most active time for trading. In contrast, the U.S. session is the most volatile. A discerning South African trader will plan his or her strategies accordingly. A difference in timezones doesn t matter much if you re trading with short-term goals. Day traders and scalpers should pay attention to this.
AvaTrade offers several platforms. The trading company was founded in 2006 and now has over 300 thousand registered users worldwide. Customers can choose from MT4 and MT5 platforms. They also provide educational tools and daily market analysis research instruments. AvaTrade also offers a 24-hour customer support center. The customer support team is said to be responsive by email and live chat. AvaTrade has a global economic calendar. Users can view global economic events and monthly unemployment rates.
IG South Africa is a top forex broker. They are regulated by the FSCA and accept South African residents. They also rank highly across many key categories. This is why IG is the best forex broker in South Africa in 2022. It is also a top social trading platform. The copy trading feature helps you copy the best strategies of other traders and increase your profit. In fact, RoboForex is the best social trading app in South Africa.