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"TAKE THE OFFER"
A verbal market order whereby the customer wants FXDD to pay the Ask or Offer price for a customer desired amount of lots.
TECHNICAL CORRECTION
An adjustment to price not based on market sentiment but technical factors such as volume and charting.
TECHNICAL TRADING CHARTS
Is the use of charts, indicators, oscillators and other tools to assist in uncovering possible Forex market trends and trading opportunities.
THIN MARKET
A market condition in which trading volume and liquidity is low and in which usually bid and ask quotes are wider than normal.
TICK
A minimum change in price, up or down.
TOMORROW NEXT (TOM NEXT)
Simultaneous buying of a currency for delivery the following day and selling for the spot day or vice versa.
TRADE DATE
The date on which a trade occurs.
TRADING PLATFORMS
A software application where a customer can give a dealer an order to execute a transaction on that customer's behalf.
TRANSACTION DATE
The date on which a trade occurs.
TRANSACTION
The buying or selling of foreign exchange amount resulting from the execution of an order.
TWO-WAY QUOTE
When a dealer quotes a bid and ask price for foreign exchange transactions to a customer.