Glossary: T

These are common terms used in the financial services industry
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Take profit

An order to close an open position at a more profitable price compared to the price when placing the order.

techMARK

This market groups together technology companies from across the market. It has its own indices: the FTSE techMARK 100 and the FTSE techMARK All-share.

Technical analysis

A technique used to try and predict future movements of a security, commodity or currency , based solely on past price movements and volume levels. It examines charts and historical performance to forecast prices by analysing market data, such as historical price trends, averages and volumes.

Tick

A single price movement which can be either positive or negative.

Tom-next charges

In foreign exchange, the cost of holding a position overnight. Short for tomorrow-next, it normally incorporates the interest considerations in simultaneously holding and owing the notional and base currencies as well as being influenced by the relative availability of the associated currencies.

Trade balance

This statistic reveals the difference between a country’s exports and imports of goods and services, such as cars, electronics, textiles, banking and insurance.

Trade size

The size of the underlying position that you are trading. Governs how much you make or lose on a trade for every point of movement in the price of the market.

Trailing stop

Trailing stops are a special type of stop loss order that trail behind the market price when the market moves in your favour.

Transaction costs

The costs you incur when trading financial products. These costs include commission (on shares), financing and spreads.

Transaction date

The date a trade occurs.

Treasury

A bond issued by a government. Bonds issued by the UK government are called gilt-edged stocks, commonly referred to as gilts.

Trend

The general direction in which prices tend to move.

Trend lines

A straight line drawn across a chart that indicates the overall trend. In an upward trend, the line is drawn below, and acts as a support line; the opposite holds true for a downward trend. Once the asset breaks the trend line, the trend is considered to be invalid.

Two-way price

When both a bid (sell) and offer (buy) rate is quoted for a transaction.

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