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Glossary

Take Profit order

A customer's instructions to buy or sell a currency pair which, when executed, will result in the reduction in the size of the existing position and show a profit on said position.

Technical analysis

An effort to forecast prices by analyzing market data, i.e. historical price trends and averages, volumes, open interest, etc.

Tick

A minimal change of security price.

Ticker

A number, assigned to an opening position or to a pending order.

Tomorrow Next (Tom/Next), (T/N), T/N Roll

The process of moving the settlement value date on an open position forward from one business day after the trade date (tomorrow), to the next valid value date (next), the spot value date.

Tool

A currency pair or a contract for difference.

Trader

A market participant, who makes deals in order to gain profit.

Transaction

An operation of buying or selling a security.

Transaction date

The date on which a trade occurs.

Trend

A direction of the market movement: up, down or sidewise.

Turnover

The total volume of all executed transactions in a given time period.

Two-way price

A quote in the foreign exchange market that indicates a bid and an offer.

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