Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd. You should consider whether you understand how CFDs or our other products work and whether you can afford to take the high risk of losing your money.

The industry’s
most important terms explained.

Discover a wealth of financial terms and definitions that every trader should know.

Forex Glossary

T

Two-Way Price

When both a bid and offer rate is quoted for a FX transaction.

Turnover

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

Transaction Date

The date on which a trade occurs.

Transaction Cost

The cost of buying or selling a financial instrument.

Trade Balance

Measures the difference in value between imported and exported goods and services. Nations with trade surpluses (exports greater than imports), such as Japan, tend to see their currencies appreciate, while countries with trade deficits (imports greater than exports), such as the US, tend to see their currencies weaken.

Tomorrow Next (Tom/Next)

Simultaneous buying and selling of a currency for delivery the following day.

Tick

A minimum change in price, up or down.

Technical Analysis

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