DAILY CUT-OFF
It is a point of time in the forex market where in it simply says that a trading day is over. For example, a forex dealer said that the cut off is 5pm and a forex trader placed two trades on May 5, one is at 4:50pm and the other trade is done at 5:15pm. Since it is said that the cut off is 5pm, the first trade would be a trade for May 5 and the second trade will be booked as for May 6 already since it already happened after the daily cut off. Daily cut off is done for reason, both logistics and administrative. Although the forex is a 24 hours a day market, it still requires a beginning and end to each trading day.
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