Forex Glossary


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Take-Profit Order: The order placed to book profit on an open trading position. 

 

The City: The main financial district of London. It is the largest currency trading center in the world.


Tick: The minimum change in price (up or down).

 

TMT (Turkmenistan Manat): The official currency of the country of Turkmenistan. It is divided into 100 tennesi.

 

Trade Hill Exchange: It is a Bitcoin exchange which offers Bitcoin trade support for a number of currencies.

 

Transaction Risk: It is the risk associated with time delay between entering into a contract and settling it. The greater the delay, the greater will be the transaction risk.

 

Two-Way Quote: A quote that gives both the bid and the ask price of a security. It shows the spread between the bid and the ask and gives an idea about the price at which the security could be bought or sold.