Glossary

Master the language of traders and navigate the financial markets with confidence!

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T
T/P
Stands for “take profit.” Refers to limit orders that look to sell above the level that was bought or buy back below the level that was sold.
TAKE PROFIT
See definition of Limit Order.
TAKEOVER
Assuming control of a company by buying its stock.
TECHNICAL ANALYSIS
The process by which charts of past price patterns are studied for clues as to the direction of future price movements.
TECHNICIANS/TECHS
Traders who base their trading decisions on technical or charts analysis.
TEN (10) YR
US government-issued debt which is repayable in ten years. For example, a US 10-year note.
THIN
An illiquid, slippery, or choppy market environment. A light-volume market that produces erratic trading conditions.
THIRTY (30) YR
UK government-issued debt which is repayable in 30 years. For example, a UK 30-year gilt.
TICK (SIZE)
A minimum change in price, up or down.
TIME TO MATURITY
The time remaining until a contract expires.
TOKYO SESSION
09:00 – 18:00 (Tokyo).
TOMORROW NEXT (TOM/NEXT)
Simultaneous buying and selling of a currency for delivery the following day.
TRADE BALANCE
Measures the difference in value between imported and exported goods and services.
TRADE SIZE
The number of units of product in a contract or lot.
TRADING BID
A pair is acting strong and/or moving higher; bids keep entering the market and pushing prices up.
TRADING HALT
A postponement to trading that is not a suspension from trading.
TRADING HEAVY
A market that feels like it wants to move lower, usually associated with an offered market that will not rally despite buying attempts.
TRADING OFFERED
A pair is acting weak and/or moving lower and offers to sell keep coming into the market.
TRADING RANGE
The range between the highest and lowest price of a stock usually expressed with reference to a period. For example: 52-week trading range.
TRAILING STOP
A trailing stop allows a trade to continue to gain in value when the market price moves in a favourable direction, but automatically closes the trade if the market price suddenly moves in an unfavourable direction by a specified distance. Placing contingent orders may not necessarily limit your losses.
TRANSACTION COST
The cost of buying or selling a financial product.
TRANSACTION DATE
The date on which a trade occurs.
TREND
Price movement that produces a net change in value. An uptrend is identified by higher highs and higher lows. A downtrend is identified by lower highs and lower lows.
TURNOVER
The total money value or volume of all executed transactions in each time period.
TWO-WAY PRICE
When both a bid and offer rate is quoted for a forex transaction.
TYO10
Symbol for CBOE 10-Year Treasury Yield Index.