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.

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Federal Reserve (Fed) keyboard_arrow_down
The Central Bank for the United States.
First In First Out (FIFO) keyboard_arrow_down
Open positions are closed according to the FIFO accounting rule. All positions opened within a particular currency pair are liquidated in the order in which they were originally opened.
Flat/square keyboard_arrow_down
Dealer jargon used to describe a position that has been completely reversed, e.g. you bought $500,000 then sold $500,000, thereby creating a neutral (flat) position.
Foreign Exchange – (Forex, FX) keyboard_arrow_down
The simultaneous buying of one currency and selling of another.
Forward keyboard_arrow_down
The pre-specified exchange rate for a foreign exchange contract settling at some agreed future date, based upon the interest rate differential between the two currencies involved.
Forward Points keyboard_arrow_down
The pips added to or subtracted from the current exchange rate to calculate a forward price.
Fundamental Analysis keyboard_arrow_down
Analysis of economic and political information with the objective of determining future movements in a financial market.
Futures Contract keyboard_arrow_down
An obligation to exchange a good or instrument at a set price on a future date. The primary difference between a Future and a Forward is that Futures are typically traded over an exchange (Exchange-Traded Contracts - ETC), versus forwards, which are considered Over The Counter (OTC) contracts. An OTC is any contract NOT traded on an exchange.
FX keyboard_arrow_down
Foreign Exchange.
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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.