Tickmill Group Consists of the below Entities:
Tickmill UK Ltd
Authorised and Regulated by the FCA UK
Negative Balance protection
FSCS Protection
84 Trading Instruments
Tickmill Europe Ltd
Authorised and Regulated by CySEC
Negative Balance protection
ICF Protection
84 Trading Instruments
Tickmill Ltd
Authorised and Regulated by the FSA SC
Negative Balance protection
84 Trading Instruments

The forex industry is made up of countless definitions and it’s easy to forget a few along the way. But because no forex education can be complete without a glossary of forex terms, we’ve compiled one which aims at explaining key definitions in the simplest way possible.

Candlestick Chart keyboard_arrow_down
A chart that indicates the trading range for the day as well as the opening and closing price. If the open price is higher than the close price, the rectangle between the open and close price is shaded. If the close price is higher than the open price, that area of the chart is not shaded.
Carry Trade keyboard_arrow_down
Refers to the simultaneous selling of a currency with a low interest rate, while purchasing currencies with higher interest rates. Examples are the JPY crosses such as GBP/JPY and NZD/JPY.
Cash Market keyboard_arrow_down
The market in the actual financial instrument on which a futures or options contract is based.
Central Bank keyboard_arrow_down
A government or quasi-governmental organisation that manages a country’s monetary policy. For example, the US central bank is the Federal Reserve, and the German central bank is the Bundesbank.
Chartist keyboard_arrow_down
An individual who uses charts and graphs and interprets historical data to find trends and predict future movements. Also referred to as Technical Trader.
Cleared Funds keyboard_arrow_down
Funds that are freely available, sent in to settle a trade.
Clearing keyboard_arrow_down
The process of settling a trade.
Closed Position keyboard_arrow_down
Exposures in Foreign Currencies that no longer exist. The process to close a position is to sell or buy a certain amount of currency to offset an equal amount of the open position. This will ‘square’ the postion.
Collateral keyboard_arrow_down
Something given to secure a loan or as a guarantee of performance.
Commission keyboard_arrow_down
A transaction fee charged by a broker.
Confirmation keyboard_arrow_down
A document exchanged by counterparts to a transaction that states the terms of said transaction.
Contract keyboard_arrow_down
The standard unit of trading.
Counter Currency keyboard_arrow_down
The second listed Currency in a Currency Pair.
Counterparty keyboard_arrow_down
One of the participants in a financial transaction.
Country Risk keyboard_arrow_down
Risk associated with a cross-border transaction, including but not limited to legal and political conditions.
Cross Currency Pairs keyboard_arrow_down
A pair of currencies that does not include the U.S. dollar. For example: EUR/JPY or GBP/CHF.
Currency keyboard_arrow_down
Any form of money issued by a government or central bank and used as legal tender and a basis for trade.
Currency Pair keyboard_arrow_down
The two currencies that make up a foreign exchange rate. For Example, EUR/USD
Currency Risk keyboard_arrow_down
The probability of an adverse change in exchange rates.
Currency symbols keyboard_arrow_down
AUD – Australian Dollar CAD – Canadian Dollar EUR – Euro JPY – Japanese Yen GBP – British Pound CHF – Swiss Franc
Current Account keyboard_arrow_down
The sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). The balance of trade is typically is the key component to the current account.
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Risk Warning: Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Losses can exceed the initial investment. Please ensure you fully understand the risks and take appropriate care to manage your risk.