Glossary

Technical Analysis

– Technical analysis is the evaluation of currency movement through the use of historical data from market activity.

Tick

– A tick is the minimum change in price from one quote to the next.

Time horizon

– The period of time encompasses by a forecast is known as the time horizon.

Tomorrow next

– Often abbreviated as tom next, tomorrow next is a procedure whereby a currency is purchased and sold within a single day. Tom next is used to avoid actual delivery of the currency since delivery is two days after the date of the transaction.

Trade balance

– A nation’s trade balance is the difference in the value between its exports and imports.

Trading model

– A trading model is a software application that uses technical analysis and complicated algorithms to provide a trader with trade recommendations.

Transaction cost

– The cost, including fees and commissions, of a completed trade is the transaction cost.

Transaction date

– The transaction date is the date when a currency transaction is made and accepted.

Turnover

– Turnover is a figure that represents the value of currency traded in a time period in comparison to the total value of an account or portfolio.

Two-way price

– A two-way price is a quote with both an ask price and bid price.