Risk Warning: Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Losses can exceed the initial investment. Please ensure you fully understand the risks and take appropriate care to manage your risk.

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.