daily cutoff time

Hi Guys,
I am new to currency trading .

For day traders what is the most commonly used daily cutoff time to be used for candlestick charts ?

thanks

It depends on your data source. Most frequently it's 4:00 or 5:00PM NY, but there is no strict rule and some base it on GMT or other settings.

Alpari UK end each daily candle at 11pm GMT (or midnight CET). That's the "problem" as any other daily chart may be different if midnight GMT is used.

Would someone explain a little more about cut-off times? I'm a little confused...

I've been confused a lot lately... Every since I've been studying Day Trading!! ha!!

Daily Cut-Off is the particular point in time specified by a forex dealer to stand as the end of the current trading day and the beginning of a new trading day. This is done for primarily administrative and logistical reasons, because although the forex market trades 24 hours a day, the market and its intermediaries require a specified beginning and end to each trading day in order to record trade dates and define settlement periods.