What Is The Best Time To Trade Nasdaq In South Africa

What is Nasdaq?

Nasdaq is a global electronic marketplace for buying and selling securities. Its name was originally an acronym for “National Association of Securities Dealers Automated Quotations”—Nasdaq started as a subsidiary of the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA).

Nasdaq was launched after the Securities and Exchange Commission (SEC) urged NASD to automate the market for securities not listed on an exchange.

What Is The Best Time To Trade Nasdaq In South Africa?

NASDAQ, like most stock exchanges, is open from Monday through Friday. The NASDAQ has trading hours from 9:30 AM to 4:00 PM EST. New York is where the exchange is located. Can I trade on the NASDAQ at any hour of the day from South Africa? South Africa and New York are separated by six hours in time.

Thus, the current NASDAQ trading hours in South Africa are from 3.30 PM to 10 PM. Due to this, several platforms allow online trading outside of NASDAQ trading hours.

Additionally, American markets are closed on certain public holidays, such as President’s Day, New Year’s Day, Independence Day, and Thanksgiving (which is observed on the fourth Thursday of November) (the third Monday in February).

What is the best indicator for Nasdaq?

The Nasdaq-100 Pre-Market Indicator (PMI) provides direct insights for Nasdaq 100 stocks but is also an important tool to gauge pre-market sentiment for the overall stock market.

How do you trade successfully on Nasdaq?

Open your first NASDAQ trading position

  1. Go to the CFD trading platform.
  2. Select the US Tech 100 under ‘Indices’
  3. Choose ‘Futures’ instead of ‘Cash’ to trade and select your preferred date range.
  4. Decide whether you want to buy (go long) or sell (go short)
  5. Choose your deal size in terms of number of contracts.