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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Settlement keyboard_arrow_down
The process by which a trade is entered into the books and records of the counterparts to a transaction. The settlement of currency trades may or may not involve the actual physical exchange of one currency for another.
Short Position keyboard_arrow_down
An investment position that benefits from a decline in market price. When the base currency in the pair is sold, the position is said to be short.
Simple Moving Average (SMA) keyboard_arrow_down
A simple average of a pre – defined amount of price bars. For example, a 50 period Daily chart SMA is the average closing price of the previous 50 daily closing bars. Any time interval can be applied here.
Spot Market keyboard_arrow_down
A physical market in which foreign currencies and commodities are bought and sold for cash at the current market price, settled “on the spot” and delivered immediately.
Spot Price keyboard_arrow_down
The current market price. Settlement of spot transactions usually occurs within two business days.
Spot Trade keyboard_arrow_down
The purchase or sale of a foreign currency or commodity for immediate delivery (as opposed to a date in the future). Spot contracts are settled electronically.
Spread keyboard_arrow_down
The difference between the bid and offer prices.
Square keyboard_arrow_down
Purchase and sales are in balance and thus the dealer has no open position.
Stop Loss Order keyboard_arrow_down
Order type whereby an open position is automatically liquidated at a specific price. Often used to minimize exposure to losses if the market moves against an investor’s position. As an example, if an investor is long USD at 156.27, they might wish to put in a stop loss order for 155.49, which would limit losses should the dollar depreciate, possibly below 155.49.
Support Levels keyboard_arrow_down
A technique used in technical analysis that indicates a specific price ceiling and floor at which a given exchange rate will automatically correct itself. Opposite of resistance.
Swap keyboard_arrow_down
The overnight or rollover interest (which is earned or paid) for having open positions running up to the next trading day.
Swissy keyboard_arrow_down
Market slang for Swiss Franc.
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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.