Technical Analysis
- An effort to forecast prices by analyzing market action through chart study, volume, trends, moving averages, patterns, formations and many other technical indicators.
Tick -
Minimum price move. Ticker - Shows current and/or recent history of a currency either in the format of a graph or table. Tomorrow Next (Tom/Next) - Simultaneous buying and selling of a currency for delivery the following day.
Trading
- Buying or selling of goods and services among countries called commerce. Forex Trading is the trading of Foreign Currencies. Transaction Cost – the cost of buying or selling a financial instrument. Transaction Date – The date on which a trade occurs.
Trend
- simply the direction of the market, usually broken down to three categories….major, intermediate and short-term trends. Three directions are also associated
Trend Line
- This is a Technical Analysis indicator also called or linear regression, which is a statistical tool used to uncover trends. It is calculated by using the "Least Squares" method. There are two ways to use the linear regression line: a. Trade in the direction of the Trend line. b. Construct a parallel trend channel above and below the Trend line to be used as support and resistance levels. Turnover - The total money value of all executed transactions in a given time period; volume. Two-Way Price - When both a bid and offer rate is quoted for a FX transaction.
U
Uptick
– a new price quote at a price higher than the preceding quote. Uptick Rule – In the U.S., a regulation whereby a security may not be sold short unless the last trade prior to the short sale was at a price lower than the price at which the short sale is executed. US Prime Rate - The interest rate at which US banks will lend to their prime corporate customers
V
Value Date
- The date on which counterparts to a financial transaction agree to settle their respective obligations, i.e., exchanging payments. For spot currency transactions, the value date is normally two business days forward. Also known as maturity date. Variation Margin - Funds a broker must request from the client to have the required margin deposited. The term usually refers to additional funds that must be deposited as a result of