Do you know, the forex trade market is 27 times bigger than the world stock market and 12 times bigger than that of the future market. Moreover, it remains open 24 hours a day and 7 days a week. So, the same is why a vast number of human beings are stepping into the niche.
The forex market possesses many indexes, among which nas100 or nasdaq100 is the most popular one. And as its name elaborates, the index features more than 100 of the world’s largest and publicly known non-financial businesses.
So if you are a trader based in South Africa, planning to trade nas100, there are high chances of various questions arising in your mind. For instance, what time does nas100 open in South Africa? What scope does nas100 have in South Africa? Or what are the ways I can penetrate the index?
Well, if all of these questions do arise, and you don’t have a proper guiding source, then look no further, as we have got your back.
In this article, you are going to get answers to all of the above-discussed questions with details. So, without wasting time any further, let us start with the articles.
Frequently Asked Questions about Nas100
What time does nas100 open in South Africa?
In South Africa, the forex trade market opens and closes at 23:00 between November and March. And at 00:00 between October and March. Thus the exact time depends on the month of the year.
Furthermore, nas100 opens in the region from Monday to Friday. However, remember that the exchange is based in NEW YORK city, America. Thus the trading hours: 9:30 am to 4 pm, are based upon the same time zone. Now South Africa is 6 hours forth of NEW YORK.
It means that nas100’s trading hours in the region are from 3:30 pm to 10 pm. However, some trading platforms also allow their customers to trade nas100 apart from its official trading hours.
Nevertheless, what s more important question is,” what is the best time to trade nas100? So:
What is the best time to deal with nas100?
As we discussed above, the official timings to trade nas100 are 3 pm to 10 pm in South Africa, and that one can pursue trading operations ahead of the official timings.
Nonetheless, we always recommend our readers to trade nas100 in its official trading hours only. The primary reason we suggest these timings is that the amount of available liquidity is much higher than that of unofficial trading hours.
In turn, this means that the rate of spreads offered by your chosen brokerage house will be more favorable. Thus, this is the reason that we best advise you only to trade nas100 during its standard trading hours.
Nas100 is one of the significant running indexes in the foreign trade market. Nevertheless, knowing its adequate trading time is nothing else but the icing on the cake. And that time is its standard hours as it can benefit you in countless ways, some of which we have listed above.
Thus, read, think, plan and then enter the market.