FOREX BASIC TERMINOLOGY

In order to become a successful trader, it is vital to understand the basic Forex terminology, which at times may be misleading.
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.

PACKED WITH THE KNOWLEDGE OF THE BASIC TERMS, YOU ARE ONE STEP AHEAD IN MAKING YOUR TRADING JOURNEY A PROSPEROUS ONE.