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.

U

Uptick a new price quote at a price higher than the preceding quote.

Uptick Rule In the U.S., a regulation whereby a security may not be sold short unless the last trade prior to the short sale was at a price lower than the price at which the short sale is executed.

US Prime Rate The interest rate at which US banks will lend to their prime corporate customers.