Glossary

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.

See definition of Limit Order.

Assuming control of a company by buying its stock.

The process by which charts of past price patterns are studied for clues as to the direction of future price movements.

Traders who base their trading decisions on technical or charts analysis.

US government-issued debt which is repayable in ten years. For example, a US 10-year note.

An illiquid, slippery, or choppy market environment. A light-volume market that produces erratic trading conditions.

UK government-issued debt which is repayable in 30 years. For example, a UK 30-year gilt.

A minimum change in price, up or down.

The time remaining until a contract expires.

09:00 – 18:00 (Tokyo).

Simultaneous buying and selling of a currency for delivery the following day.

Measures the difference in value between imported and exported goods and services.

The number of units of product in a contract or lot.

A pair is acting strong and/or moving higher; bids keep entering the market and pushing prices up.

A postponement to trading that is not a suspension from trading.

A market that feels like it wants to move lower, usually associated with an offered market that will not rally despite buying attempts.

A pair is acting weak and/or moving lower and offers to sell keep coming into the market.

The range between the highest and lowest price of a stock usually expressed with reference to a period. For example: 52-week trading range.

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.

The cost of buying or selling a financial product.

The date on which a trade occurs.

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.

The total money value or volume of all executed transactions in each time period.

When both a bid and offer rate is quoted for a forex transaction.

Symbol for CBOE 10-Year Treasury Yield Index.