What is ‘Daily Chart’
A line graph that displays the intraday movements of a given security. This contrasts to longer term charts, such as those that show a security’s movement over a period of days, months or even years.
Explaining ‘Daily Chart’
Daily charts display all of the price movement for the period and are typically used by day traders to implement short-term strategies.
Because the forex operates 24 hours a day, there is technically no stoppage of trading between one trading day and the next as there is in other markets. As a result, the convention is to consider a forex day to be from 5pm EST to the same time on the following day, and most daily charts are displayed this way.
Further Reading
- Australian and international mature students: The daily challenges – www.tandfonline.com [PDF]
- Financial intermediaries and monetary economics – www.sciencedirect.com [PDF]
- Heterogeneous agent models in economics and finance – www.sciencedirect.com [PDF]
- Computational intelligence in economics and finance – link.springer.com [PDF]
