Best Currency Pairs To Trade In Kenya
Best Time for Kenyans to trade EUR/USD. The most frequently traded currency pair globally is EUR/USD. It boasts some of the lowest spreads among forex brokers and is one of the most liquid currency pairs for trading. The optimal time to trade EUR/USD in Kenya is between 4 pm to 8 pm local time.
Best Time for Kenyans to trade EUR/USD
The most frequently traded currency pair globally is EUR/USD. It boasts some of the lowest spreads among forex brokers and is one of the most liquid currency pairs for trading. The optimal time to trade EUR/USD in Kenya is between 4 pm to 8 pm local time.
These four hours represent the overlap between the London and New York currency trading sessions. As a result, spreads are at their narrowest, and market volatility is at its highest during this period of heavy trading activity.
Many successful forex traders in Kenya like this overlap session, especially day traders and scalpers. The time frame is ideal for spotting trading opportunities with a high probability of success.
Even if it could seem constructive to spend a whole day at your computer looking for trading opportunities, it might be best to trade the EUR/USD for just a few hours.
How to Choose the Right Forex Broker in Kenya
Each Kenyan forex trader’s initial step is to choose a dependable forex broker. Finding the best forex broker is crucial for profitable trading since brokers are a trader’s core business partner and play a key role in the market.
Finding a broker that you can rely on and who can accommodate your unique trading needs is essential. Crucial factors that each trader should consider while deciding.
What is the best time to trade GBP JPY in Kenya?
In Kenya, between 11:00 and 17:00 East Africa Time is the ideal time to trade forex. Because of the market’s high level of liquidity and the volume of economic news being read during this time, you can profit from volatility following a news release.