DAILY CHART

It is a line graph displaying the intraday movement of a security. It is different from the longer term charts that show’s a movement of a security in a day, month or sometimes year. It displays all the movement of the price in a particular period and commonly used by day traders for implementing their short term strategies. Since trading or forex is a 24 hours operating business there is no stoppage of trading and this results considering a forex day to be from 5pm EST to the same time on the following day.